Research On The Outside Developers To The Local Residential Building Prices

From 2006 years, the outside developers change the development strategy from the first-line cities to the second-line cities, third-line cities, Xi'an city is the most important market for the outside developers to enter, as at the end of 2008, there are already more than 43 well-known national developers gathered Xi'an, setting off a fierce competition in the housing market of Xi'an. At the same time, the housing prices which is the common concern have become the hot spots and fouces to the government departments, the real estate academia and the consumers. Against this background of this paper,we research the influenceof the outside developers to the housing prices.This paper summarizes and analysis the development present situation that the outside developers in Xi'an housing market, through the comparative analysis by outside developers and local developers, this paper describs the capital advantages,the brand advantage and so on make the housing price rise so fast, the view of qualitative analysis,this paper builds the housing price theoretical models, gets the conclusion that there are some influences among the investments of the outside developers and the price expectation with the housing price, and uses the SPSS correlation analysis to take the tests and the adoption of this view, xplains that there is a strong relationship between outside developers and housing prices; the view of quantitative analysis, based on the theory of cointegration and vector error correction model for the establishment of an econometric model of the core, combined the relevant data from 2000 to 2008, this paper try to empirical analysis the outside developers to the housing prices impact.The results show that there is 28.77% of residential prices in Xi'an housing market driven by outside developers, they are mutual promotions and common developments between the outside developers and housing prices, there is a pronounced effect after the lag time of 0.5 years that the outside developers investments and prices for residential property prices.