Speculation Measures And Main Factors Affecting House Price Analyzing

The main purpose of this article is to find out whether there are speculation behaviors in china's 4 main cities has taken place. Besides, how the other facetors such as rent, capital cost, and land policy affect the house price.There are five main segments in this article.The first section gives a brief introduction of the article's background, the main research methods and conclusions. The second section introduces the related theories before. The third section gives a detailed introduction of the bascie theory and model.The author separate the house price into two main parts, the fundmental price, which is deputied by rent and capital cost, and non-foundmental price, which is considered the linear feedback of the historical growth rate of house prices. At the forth section, the author analyses the four cities's cross-section data and reveals the empirical results. And the last section gives a brief summary of the above sections and makes the conclusions. As for the the 4 cities, Shanghai, Beijing, Chongqing's house market has serious speculaton factor since 2003. As for the rent, it has a strong effect with house price. As for the capital cost, it has no distinct effect on the house price.As for the land policy, it has a positive effect with the house price.