Study On The Relationships Between Commercial Housing Prices And Land Prices

The relationship between land prices and house prices are not only the bases of and original points of real estate market research, but also the vital of impelling the land market and the real estate market into a healthy, orderly and coordinative development. This thesis study the relationship between commodity housing prices and land prices in Hefei city on the basis of analysis and researches of house prices and land prices at home and abroad, by the method of empirical analysis, combination of qualitative analysis and quantitative analysis, the method of comparative analysis and some analysis software such as EXCLE、SPSS、EVIEWS, etc.The conclusions as follows:(1) The rate of economic development is slower than the rate of land development investment and real estate investment growth, but greater than the rate of commodity house prices and housing land prices growth. It shows that investments drive the economic growth over the economic growth drive the house prices and land price growth.(2) The economic conditions and macroeconomic regulations and control policies are the two key factors of the condition of commodity residential house and land purchase clinch a deal.(3) The house prices have been affected with the macro-economic, housing supply and demand elements. The land prices have been affected with the macro-economic, land development and investment, consumption demand in residential growth. It showed the opposite relations with the area of land acquisition and land development.(4) The level of house prices is too high and land prices level is relative reasonable in Hefei city.(5) The Granger test results suggests that in short order, the land prices put an effect upon the commodity residential house prices, and is the Granger factor of commodity residential house prices. However, in long term, there is mutual independence between house land prices and commodity residential house prices. According to the conclusion of this study, the thesis offers some proposals such as government should strengthen macro-control; control investment scales; improve land of public bidding, auction and listing system; increase the number of affordable housing; perfect residential leasing market; increase household income of citizens; narrowe the gap between rich and poor; guide the people to form realistic and rational consumption attitudes, etc.