| Since the reform and opening up, with the continuous development of China’s economy, the status of China’s real estate industry in the national economy began to improve, the impact on the national economy is growing. Real estate investment is the foundation of real estate development, which directly affects the development of the real estate market, and has a significant impact on the operation of the macro economy.For a long time, between China’s provinces(municipalities and autonomous regions) and the regional scale of real estate investment, development speed and the influence factors are different, eastern area although the real estate investment scale is larger, but the market demand still in relatively strong stage, 2014, the eastern region of the real estate investment reached more than 47000 billion yuan, accounting for more than 50% of the national real estate investment; central area compared to the eastern region of the real estate investment slightly less, the per capita real estate investment beneath the eastern region 70%; from the point of view of per capita real estate investment and per unit area of real estate investment, western region and northeast region exists the phenomenon of excessive expansion of investment in real estate. Due to the western region and the northeast region population density is relatively small, and the population outflow is serious, leading to greater pressure on the real estate market to inventory. In recent years, the growth rate of real estate investment greatly reduce the economic growth in the western region and the northeast region constitute a huge pressure. Therefore, the analysis of the evolution of real estate investment in China, the study of regional differences in real estate investment, to explore the cause of regional differences has important practical significance.This paper is on the concept of real estate investment, of the relevant literature and theories of collation and analysis based, using years 1994-2014 country and various regions and 31 provinces(municipalities and autonomous regions) real estate investment related data, the system analysis of the China’s real estate investment situation, especially the evolution of the regional real estate investment distribution. Including gross domestic product, population growth rate, urbanization rate, industrial structure and commodity house average sales price index, using econometric research methods, through the panel data unit root test, the Hausman test, panel data regression analysis, quantitative analysis of the impact of China’s real estate investment regional distribution of the main factors. At the same time, the paper analyzes the regional distribution of China’s real estate investment problems, and put forward the promotion of regional real estate investment in the coordinated and healthy development of policy recommendations. |
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