Regional Differences In Residential Real Estate Analysts Yunnan Province And Its Influencing Factors

Since1998, China began to promote the urban housing system reform, abolishedthe welfare housing distribution system, turned to the marketization of housing. Sucha move clearly illustrates the privatization of residential housing property, allowingmore people buy houses. The real estate industry entered a rapid development stage.The development of the real estate industry in Yunnan Province, relative to thecountry is relatively backward, the real estate industry in the development of scale,speed and level of investment has a larger development. But judging from the city ofYunnan province, development is very uneven, regional development difference isvery big. This paper, taking the city of Yunnan province as the research object,through a methods of integrating the single factor and comprehensive factors, toanalyze the differences of residential real estate development in Yunnan province,summarizes the characteristics of the regional development, studies the causes of theformation of the regional differences and puts forward some suggestions to promotethe development of residential real estate.This paper first describes the background, purpose and meaning, etc. The secondpart is the some related basic theory of real estate, mainly includes: location theory,regional disequilibrium theory, the theory of supply and demand, these theory laid atheoretical foundation for the analysis of the article below. The third part analyzesthe operation of the entire housing market in Yunnan Province, mainly analyzedfrom the macroeconomic environment, residential investment scale, supply sales andprice affordability several angles, through these aspects in Yunnan province havebeen analyzed the characteristics of the real estate development. The fourth part isthe scale of investment for each city ’s residential real estate in Yunnan Province,conducted a single analysis of regional differences in the investment structure,investment in several aspects of the spatial distribution, supply, demand, marketmaturity, price and purchasing power, etc. secondly according to the difference index using the cluster analysis of residential real estate development in Yunnanprovince can be divided into five development area, and summarizes thecharacteristics of every development areas. The fifth part is represented in houseprices index, according to the fourth part of the classification results, combinedwith the principles of adequacy and sample the actual development of the fivedevelopment areas will be consolidated into four regions. Respectively, for eachregion as the research object, the establishment of the panel model to study theeffects of various factors on the price area. With a2004to2012time period for eachcity sample data, select the per capita GDP, per capita disposable income of urbanpopulation, the balance of loans from financial institutions, built-up area and fiscalexpenditures six indicators to study. Significant factors affecting the development ofthe first district are the urban population, built-up area, the per capita disposableincome and expenditure; the significant factors affecting the development of thesecond district are someone disposable income, urban population, the balance ofloans from financial institutions; Significant factors affecting the development of thethird and fourth districts are the urban per capita disposable income and per capitaGDP. The last part is the conclusion and policy recommendations for the analysis ofthe results of the above study, including:1, Vigorously promote the country’seconomic development, reduce development disparities.2, Push forward theurbanization rapidly.3, Accelerate the construction of affordable housing and smallapartment houses to alleviate the pressure on the population of low-income buyers.4,Formulate and improve fiscal policy and financial regulatory policies to regulatedthe real estate development.