Empirical Analysis Of China's Real Estate Industry Development

The real estate industry plays more important role in social economic development. Real estate industry in China has much lower industrialization level when compared with foreign countries. The industry development is on its stage of rough increase and its characteristics include high resource and energy consuming, low level of productivity and low contribution of scientific development to industry development. Much work should be done to promote the real estate industry, especially the empirical research on the industrialization process of real estate industry which makes us familiar with the current situation, restricted and development conditions.Though much research has been done on industrialization process of real estate industry, the empirical analysis on this process is still a new subject. The empirical research on the industrialization index is seldom。 To add AHP method to the research, more accuracy and credibility can be achieved. To analyze single index will play great role in the research process.Having done much work on data collection and analysis, this paper is trying to construct an empirical research on three index as industrialization, scaling, and bubble. This paper hopes to assistant to set industry policy for government, and make development plan for companies. We give six sub-index for appreciation of real estate industrialization level. By AHP, we give the weights for each sub-index and then derive the first measure of industrialization. Same process is applied to scaling measure and bubble.This paper applies above method to the analysis of real estate industrialization in China. We find the industrialization level is becoming more and more higher, the bubble of real estate is not high. So we make the decision that the statas of is good for real estate development. The low level of scaling suggesting the prospect for real estate industry is bright and has been equipped with basic development.