| Chinese people are still very concerned about house prices.Housing problem isrelated to the vital interests of the people.It can lead to a series of economic and socialproblems.The fluctuation of prices.The existence of the real estate bubbles is alsopopular along with being concerned.This paper try to clarify the existence of Chinese current real estate bubbles;severity of the real estate bubbles in different cities; whether the real estate bubbleswill burst; whether prices will drop.First,this paper describes the concept and origin of the real estate bubbles,introduces the development of related research, also shows some examples of ourcountry which had occurred in the real estate bubbles and the adverse impact of them.Before the real estate bubbles in Chinese major cities are analyzed,according tothe house prices,these cities were classified into several categories to facilitate thediscussion in the real estate bubbles,the cluster analysis will be used in this part.Cointegration test,stability test and regression analysis will be used to study eachspecific situation of Chinese real estate bubbles in large cities. And the changes inprices and the real estate bubbles which may occur under the current policy basis willbe given out by comparing estate-related policies. |
PDF Full Text Request