The Statistical Research On Real Estate Price Of China

The real estate industry has become an important pillar industry of China after the development in the past decade. The market system improved on and the house-consumption has become a new driving force and hot spot of consumption to expand domestic demand. But in recent years, the real estate price rose rapidly. In some cities, the real estate price went up sharply. Its rate far exceeded the consumption level and affordability of the residents. The too quickly rising trend of real estate price not only extremely influences city dweller's living conditions but also is an unstable element for the smooth and sustained development of the national economy. At the same time, the problem of real estate price has become an economic as well as a social problem that has aroused universal concerns.This paper starts from the related theories of real estate price, system analyzes the constitution and the major influencing factors of real estate price. Then uses the time series analysis on the changes of real estate price in recent years, then based on the research in front , from creating the multiple regression model, to find out the most important reasons that why the real estate price rose so rapidly. And then forecasts the trends of real estate price in next three years, which will continue to rise.The sustained higher prices, has caused the controversy about the real estate bubble. This paper focus on the hot topic to research, that in order to avoid risks. First uses international popular relevant indicators on the simple judgment of current real estate price level; then uses the AHP method to integrate these indicators into a system, to measure the real estate prices level. At last finds that the real estate price is high, the real estate market is overheated. Although it doesn't have a bubble, but there are still great risk. The related government department should take much more attention to, and tighten macro-control in order to stabilize prices and prevent bubbles.Finally according to the realistic need of real estate market of our country, this paper makes some suggestions about how to stabilize the real estate prices.