Analysis On The Factors Affecting The Price Of Commodity House In Taiyuan

Study on factors affecting the price of commodity house could provide assistance to enterprises and support investors in securities investment and industrial investment and provide reference for the governments.This article is at the fund of the national natural science project "dynamic and expected evaluation model of city real estate." (NO.70973072). On the basis of investigation to the house price in Taiyuan, this article analysize the factors affecting the price of commodity house and development tendency in the future and carry on empirical analyses.Main researches of this article y can be list as follows:(1) Build the appraisal indicators system of the price of commodity house in TaiyuanAccording to the related domestic and international theory and papers and developing status of real estate in Taiyuan, this paper summarized and analysized the factors affecting the price of commodity house in Taiyuan, which included general factors and regional factors and individual factors, finally built the appraisal indicators system of the price of commodity house in Taiyuan.(2) Build the hedonic model of the price of commodity house in TaiyuanAccording to the hedonic theory of commodity house and developing status of real estate in Taiyuan, this paper carried on testament analysis to microscopic influencing factors of the price of commodity house in Taiyuan. In the result, factors affecting the price of commodity house in Taiyuan can be list as follow:location and capacity rates and near park and property management fees and building constructure and towards and decoration degree and parking and traffic conditions. The result indicated that location and parking were negative related with the price of commodity house remarkably and the others were related with the price of commodity house in the same direction. Furthermore the every house feature's influence to the price of commodity house met the marginal utility decline laws.(3) Carried on testament analysis to macro influencing factors of the price of commodity house in TaiyuanOn the basis of analysis of qualitive, this article built multiple regression models of factors affecting the price of commodity house. In this model, dependent variable is the price of commodity house. Nine demand and supply of factors and one special factor which was coal output were selected as independent variable. According to the relevant data from 1995 to 2009 in Taiyuan, empirical analyses were finished by using Eviews4.0. In the result, factors affecting the price of commodity house in Taiyuan can be list as follow:per captita living space of residential building and per capita disposable income and annual expenditure per capita and resources of cultivated area at the year-end and floor space of buildings completed this year and coal output. The result indicate that per captita living space of residential building and per capita disposable income and resources of cultivated area at the year-end are related with the price of commodity house in the same director and the others are negative related with the price of commodity house remarkably.The above clarified the relationship between the factors affecting the price of commodity house in Taiyuan and major influencing factors and provided reference for government to control the coordinated development of the price of commodity house and the housing market.