Kunming City Real Estate Prices Influencing Factors And Empirical Analysis

The real estate industry begins its development from the middle in 80s 20th century. Since the breach of "realty bubble" with the centre of Nanhai Province in the first of 90th 20 century, the real estate industry entered into the development vale. Since then, more than a decade, the rapid development of the real estate industry has attracted worldwide attention. Therefore, the problem of housing price incurs the high attentions of scholars, enterprises, local governments and public opinions. However, in the research of housing price in our country, most of which are about the nation and exceptional developed cities, And basically study on the relationship between urban macroeconomic factors and the housing price and influence degree for the housing price. But there is less research on the westward developing cities such as Kunming. During recent years, along with the New Kunming Development is entering the fast lane, and gradually aims at becoming the regional internationalization city which facing the southeast Asia and the south Asia. The real estate market developed fast, especially since 2006, the housing price has a very large rising breadth. Under this background, the article uses the Time Series Multiple Linear method to study about the influence factors of housing price in Kunming, which is a very valuable exploration. The article aims at after finding out the rules of the influence factors for housing price in Kunming, so as to stabilize the housing price and help to bring up the valuable suggestions for the healthy development of real estate market.Though the theory and demonstration analysis, the main conclusions of this paper include three points. Firstly, the increased housing price is the result of both "cost push" and "supply and demand". Secondly, from the perspective of demand, the housing price and non-agricultural population has a significant positive correlation, and other factors do not impact significantly. From the perspective of supply, the housing price and the land price shows a positive correlation, not a significant factor in the rest. Based on an overall consideration of various factors, the long term housing price of Kunming is closely related to the factors of non-agricultural population, loan rate, real estate loans, land price and building cost. Thirdly, in the latter part of the demonstration analysis, the paper compares the prosperous city Shanghai and Kunming city about the factors for housing price, the analysis aims at finding out in the various influence factors, which are the similarities and which are the differences, according to the conclusions, so as to suit the remedy to the case, and bring up some suggestions that can adjust measures to local conditions.