The Research Of The Influential Factors Of Housing Price In Anhui Province

Development of China’s real estate market make an important role in the rapid economic growth,at the same time, the rising real estate prices also brought a series of problems. Government regulation can’t effectively suppress this phenomenon. Many factors lead to such problems, which is mainly due to the complexity of the real estate price factors, the macro-control measures of the real estate market is difficult to play a real role. Each region has its own characteristics in the development of real estate market. This paper aims to theoretical and empirical research on the factors affecting the commercial housing price in Anhui Province, and then puts forward some suggestions on the real estate market in Anhui Province,this approach has a certain theoretical and practical significance.Firstly,this paper reviews the literature review related research at home and abroad. And a wide variety of factors were re-classified as supply and demand factors, economic and financial factors and policy factors,then press the three aspects of theoretical analysis. Secondly, after the discussion of its development process,This paper summarizes the characteristics of the real estate market in Anhui Province. H P filter is used for empirical analysis of housing prices in Anhui,then its development law is summarized. Thirdly,this paper selects the relevant indicators related to the above three aspects, such as the gross regional product of Anhui Province, land supply price, income, etc, then Gray correlation analysis conducted by these indicators. As the empirical results show, the correlation of the gross regional product of Anhui Province, the per capita income and the correlation consumer price index is the highest number, economic factors have largest impact on the real estate prices. VAR model is used for dynamic simulation of the three high correlation indices.And we can found at the beginning, the commercial housing prices have some lag on the movements of these indicators, but in the long term, it has a positive response to the change through the impulse response function. Finally, we put forward some targeted recommendations on the basis of the full text,We hope the rising commercial house price can be more rational and the real estate market of Anhui Province can be healthy by taking relevant measures.