Research On The Dynamic Relationship Between Urban Residential Land Price And House Price

In the third Plenary Session of the 19 th CPC Central Committee,a comprehensive deepening reform was put forward.The housing system reform is an important part of China's economic restructuring.The continuous deepening of the reform of the land transfer system has prompted the acceleration of the national economic development and the improvement of the income level of the residents.At the same time,to a certain extent,the land price has been increasing,and the price of the house prices has increased in proportion.Therefore,in order to promote the healthy,sustainable and stable development of the real estate market,it is of great theoretical and practical significance to study the relationship between residential land price and house price.In this paper,the literature of the domestic and foreign scholars on the relationship between residential land price and house price,the influence of supply and demand factors on the land price and house price,and the influence of government behavior on the land price and house price are systematically reviewed.Secondly,through the comprehensive analysis of the classical rent theory,location theory,property right theory and the theory of price equilibrium,the connotation,origin and essence of land rent are summarized,the influence of location factors on land rent is analyzed,and the relationship between urban housing price and housing price is explained from two angles of demand and supply,and the emphasis is on research.The application of Marx's theory of land rent and location theory in the real estate market is discussed.Thirdly,the deep relationship between land rent and land price,land price and house price is analyzed by land rent theory and supply and demand equilibrium theory,and a theoretical model of the relationship between residential land price and house price is established from two angles of short and long term.At the same time,according to the actual situation of China's real estate market,the relevant indexes of the national residential land price and house price in the year of 2000-2016 are selected,and the panel data model of the relationship between urban residential land price and house price in China is constructed,and the residential land price and house price of 6 eastern cities,6 central cities and 6 western cities and their respective shadows are respectively reflected.The influencing factors are studied.Through the above literature review,theoretical analysis and empirical research,the conclusion is that there is a significant correlation between house prices and land prices in 18 large and medium cities in the country or in the eastern,central and western cities,and the promotion of house prices to land prices is obviously stronger than the price to the land price.Promote the role.In the eastern region,the GDP has a positive impact on the land price,while the amount of real estate development housing investment has a reverse impact on the land price;the real estate development housing investment and regional GDP have a positive impact on the house price,while the residential area of the real estate development enterprise has a reverse impact on the house price.In the central region,the GDP has a positive impact on the land price,while the amount of real estate development housing investment and the completed area of real estate development enterprises have a reverse impact on the land price;the investment amount of real estate development housing and the completed area of real estate development enterprises have a positive impact on the house price.In the western region,the investment amount of real estate development housing has a positive impact on the land price,while the residential area and GDP of the real estate development enterprises have a reverse influence on the land price;the GDP has a positive impact on the house price,and the investment of the real estate development housing has a reverse effect on the house price.Finally,starting from the results of the empirical study and combining the development characteristics of various regions,this paper puts forward the suggestions for the development of real estate market which is suitable for the eastern,central and western cities.It aims to realize the regulation of real estate market in various regions through different strategies to promote the national scope of the real estate market.