An Empirical Analysis Of Factors Affecting Chinese Real Estate Prices

From the late1990s to today after ten years of development, new housing patterns greatly promoted China’s economic growth and increased domestic demand, mainly due to the welfare housing system has been replaced by commercial housing model. Promote the rapid development of real estate has become a major thrust of our economy has become a pillar industry of the national economy on China’s economic development plays a vital role. But at the same time, with the flourishing real estate development, China’s real estate prices continue to rise, high prices, far exceeded the level of economic growth, leading to a difficult problem of ordinary people to buy a house Especially in recent years, the growth rate of real estate prices in some cities rose to more than6%, but some cities has reached31percent of the growth in real estate prices Moment more and more ordinary people bear the burden of high prices, some no room to live in the city to become the city workers who become displaced security risks, more and more people to become urban social management of special groups sounded the alarm, high Rates problem has been ignored. Over time our overall well off society will be affected this goal too high real estate prices. Therefore, to explore the root causes of the status quo of China’s real estate prices and real estate prices influencing factors, which studies more effective policy approach to control real estate prices has important theoretical and practical value.Based on this, mainly from the two levels of supply and demand factors discussed real estate prices, including the average selling price of commercial housing, urban residents per capita disposable income, GDP, urban population, commodity residential area is completed, the total investment and real estate lending rate seven major factors. This paper is divided into six chapters altogether. The first chapter is the introduction, the main thesis research background, purpose and meaning, and innovative research methods, research ideas and papers framework described. The second chapter analyzes some of the basic concepts of real estate prices and a number of factors that affect the real estate price analysis of the current situation of domestic and foreign literature, belonging to the literature review section. The third chapter is followed to ensure evidence-based empirical analysis, this section describes the formation mechanism of the status quo of China’s real estate prices and China’s real estate prices. The fourth chapter uses empirical analysis from the perspective of supply and demand model using regression analysis on real estate prices do influence factors. This paper explores the impact of the fifth chapter of the special factors of real estate prices. Finally, make a study summarized in Chapter VI, on how to better promote our healthy and stable development of the real estate prices in the market to make some observations and suggestions.