Research On The Relationships Between Population Structure And Housing Prices In Wuhan

Real estate is a pillar industry of China's national economy, it plays an important role in China's national economy. Housing is an important part of real estate, housing market in the healthy development not only related to national or local economy, but also related to social stability and harmony.China is a populous country, in the 1950s and 1960s, China had experienced a high birth rate era, when the population got adult, the housing demand increased sharply. Coupled with unprecedented economic development in recent years, rapid growth of urban population, the income levels, consumption levels are made great improvements, the quantity and quality of people's housing needs release a lot. However the actual situation in China is less per capital land area, and the residential land supply is limited. The imbalance of the house supply and demand resulting in rising of house price. In recent years, house prices soaring in some citied in China, "hard to buy a house" issue is no longer a case. The housing problem has become hard issue the most of the population facing, including the low-income crowd. At the same time, according to the demographers'and economists'prediction, China's "demographic dividend" era will soon subsided, and will be replaced by the aging society. For the foreseeable drastic reduction of housing demand, it will give a huge impact on the Chinese real estate industry. As the largest city in the central and western China, WUHAN will face the same problem. How to reach the "soft landing" of the housing market to the population structure change, the internal links between them, will be discussed in this paper.Take Wuhan as a example, This Paper select the commercial housing price and population structure as the research object, select the natural population structure (sex ratio, the proportion of labor force, dependency ratio), socio-economic population structure (family size, employment, personal disposable income) and the geographical population structure (the proportion of non-agricultural population).It analysis the relationship between the housing price and population structure qualitative firstly, and then create an econometric model. Finally, the results are as follows:(1) There is a strong correlation between population structure and housing prices:the labor force structure, dependency ratio, personal disposable income and price guide with each other; family size, the proportion of non-agricultural population of unilateral guide price changes; prices lead changes in the proportion of employment; sex ratio is not correlated with house prices. (2) Wuhan price is mainly affected by the structure of labor resources, family size and urban-rural structure. (3) household size, personal disposable income, the proportion of non-agricultural population bring long-term impact on housing prices, The structure of labor resources, dependency ratio bring a greater impact in the short term. Finally The article put forward some proposals and the opinion to the Wuhan housing market healthy development.