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Based On Monocentric City Model Of Chinese Real Estate Price Influencing Factor Analysis

Posted on:2011-11-07Degree:MasterType:Thesis
Country:ChinaCandidate:X SunFull Text:PDF
GTID:2249330371963734Subject:Industrial Economics
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In recent years, China’s real estate market prices grows generally rapidly, the government issued a series of measures to curb the rising house prices, but the effects are limited. At the same time, prices in different cities to narrow the gap between are very big. The house is the basic safeguard people’s lives, and every life is closely related to the whole society’s housing problems, but also focus attention attracted many scholars’ research interest. The real estate market to think what is in effect a different region of different prices. This paper illustrates the significance of prices are, in fact, only the economic factors in control of their influence, we can reasonably analyze speculation in house prices in the formation of the function.In this paper, on the basis of predecessors’ research firstly analyzes the status of the development of real estate market in China, according to the Wheaton (1974) monocentric city model of "closed" city model, in our country related statistical yearbook of China urban commodity house prices for the relevant data, comprehensive natural, social, economic and administrative factors, summarizes several types of China more important personal price effects of variables. Reviews the using multiple regression analysis software to reveal the deep reasons influence Chinese prices.By 2003-2009 quarterly room of time sequence of land price index from long-term studies or short-term housing 28 prices and land price between related. Land prices, housing prices will rise, its elasticity coefficients corresponding to 0.5562. By 2001-2008 35 panel data of regional cities of macroeconomic fundamentals studies in the urban population, the average wage level and per capita GDP of urban real estate prices are very significant effect. But local agreeableness factors of urban greening is the important factor that influence prices in traffic conditions to improve can also cause the price increase significantly. By extensive experience of urban housing research on the significant influence of public service in education levels based on variable prices, and significant effect on prices of medical factors influence is small and not significant. In 2008, a regional and national 287 above city data results show good geographic and environmental advantage on the prices of coastal cities influence extent of amazing, government policies to promote regional economic giant, bring a house prices of these cities is very important.Based on this research results and the present situation of China’s real estate market, I put forward corresponding policy suggestion, hope to promote China’s real estate market and development have certain reference significance.
Keywords/Search Tags:Chinese cities, real estate market, housing prices, monocentric city model
PDF Full Text Request
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