Real Estate Price Influence Factors Analysis

During30years of reform and opening up, China has made a lot of Market-oriented reforms, at the same time, the real estate market has changed a lot accompany Chinese great need on housing:the supply increases each year, living space of average per capita has been greatly improved, and the people’s living standard makes a great progress. But the price of real estate rises a lot ether, and even in some cities the price is so high that the resident can’t afford to it. The high price draws a great attention in the community. But what causes the price of real estate so high? This article attempts to do some beneficial attempt. At the same time this paper about the analysis of real estate is limited in residential market.There are lots of papers about the analysis on the influencing factors of real estate price, I refer to a large number of literature and draw a lot of knowledge and their highlights on the analysis of real estate price, you will see it in my paper, the point of view in this paper are mostly reflected. And this paper tries to break through the routine, from multiple perspectives to look at the real estate market. The multi-angle analysis Here are from the population level, government regulatory level, local government interests, real estate supply level, property buyers demand level, real estate micro level and other level. At the same time in order to enhance the persuasion of this paper, a massive data has been used to support the theory.This article analysises the factors that affect real estate price by using multiple regression analysis, grey correlation analysis, factor analysis and other methods of statistical analysis, it has proved that the effectiveness and impact of the influencing factors for our critical analysis of the real estate price. This paper describes the factors that affect real estate prices is diverse, national policy, the interests of local government, the relationship between supply and demand side, financial, ancillary facilities and other aspects of the relationship between the combined effect of the real estate prices.The first chapter is to introduce the research background of the paper, the history of Chinese real estate market, the research purpose and significance. Then it’s about the research aspect achievement of real estate price in china and abroad, at last the basic framework of writing will be stated.The second chapter mainly talk about real estate as a special commodity that is different from the other commodities after the market-oriented reforms, and introduce some other economic theory about real estate, the main purpose of this chapter is to provide theoretical basis for the analysis of the behind chapters.The third chapter analyzes the influence factors of real estate price, from the macro economic factors that influences all the county to the micro economic factors that influences only some region. In response to these factors, I try to give the data as the empirical support.The fourth chapter is on the basis of Chapter Ⅲ, I build some statistical models to analyze deeply the above factors through the sample data, and then draw some conclusions.The fifth chapter is the summary and recommendations.