| Hangzhou, the provincial capital of Zhejiang Province, has attracted an increasing number to new settlers with its economic boom. Growing population of new residents and sustained economic development have jointly led to huge rises in house price. To contain the surging prices, the municipal government of Hangzhou has subsequently imposed multiple macro-control policies with specific goals.Economic growth is the inherent force for urban development which is accelerated by human intervention, technology innovation and some social events.This thesis is aimed to explore elements affecting house prices by analysis of property price trend in Hangzhou with relevant theories and make some suggestion for the Hangzhou government to make macro-control policies on real estate in the city. |