Research On The Formation Mechanism And Influence Factors Of Commercial Housing Price

With the continuous development of China's real estate market,the real estate industry is playing an significant role in predicting the macroeconomic,and the reflect to economic environment changes is more intense.However,since the global economy into the post-crisis era,the economic uncertainty and instability from domestic and foreign makes the real estate industry become imbalance both the demand side and supply side.The consumer's willingness to consume and spending power are showing a certain degree of decline,the industry risk is also significantly increased.Although the real estate industry is showing a lot of features,the real estate market is still subject to the law of supply and demand.At present,the supply and demand contradiction of China's real estate,there is a greater supply rather than the demand in the surface.However,there is a greater relative supply rather than the relative demand in essence.There is a absolute demand in real estate in reality,however,due to the uneven income distribution,social security,employment situation is grim and other factors,there is a relative lack in the side of real estate demand,and then the effective demand is weak.This paper reviews the domestic and foreign scholars on the real estate market from different perspectives,and reviews the relevant theories of commodity price formation.On this basis,this paper discusses the formation mechanism of commercial housing price and the maininfluencing factors on the price mechanism of commercial housing.The theoretical analysis shows that the commodity house price formation mechanism is also subject to the general commodity price formation mechanism.The effect of the main influencing factors on the real estate price depends on the elasticity of the supply or demand to the influencing factors.Taking into account the differences between China's large urban development,and abnormal fluctuations in real estate prices are mainly reflected in the city level,the city as a unit of housing prices for more research is targeted.Therefore,this article to Lanzhou City,the real estate industry from 2000 to 2014 data to verify the formation of commodity housing prices mechanism,through the stepwise regression analysis of the impact of commercial housing price changes in 15 factors were empirical analysis.The results show that the number of urban population,the urbanization rate,the per capita disposable income of the residents,the number of employed persons in the urban areas,the number of employed persons in the ordinary colleges and universities,the completion area of the houses,the completion value of the houses,the land acquisition expenses,the investment in real estate development,the loan interest rate and the statutory deposit reserve ratio And Lanzhou City,real estate prices have a positive correlation,and the number of real estatedevelopment enterprises and the consumer price index and Lanzhou commercial housing prices have a negative correlation.