Research On The Interactive Correlation Between Population Migration And Housing Price

"Owning a place to dwell in" is the common demand of the masses and owning of a house is an important way for many migrating people to assimilate into new place and enjoy the same social security policies as the local people.However,in recent years,housing prices keep rising and the housing problems are hindering the population migration.The price of urban housing has become an important indicator of whether people moved to a city or not.Then,what is the relationship between the housing price of a city and population migration behavior? Holding such a question,this paper studies the relationship between migration and housing price,taking the largest population migration province-Guangdong province as an example,from the interactive relationship between population migration and housing price as a breakthrough point,aiming to uncover the mysteries of the interaction between population migration and housing price.Research of this paper is based on the related theory of population migration and the real estate market theory.Firstly,descriptive analysis of the situation of the population migration and housing price in Guangdong province is provided.And then further empirical analysis is given by using PVAR and Simultaneous Equations Model.Finally,coming to the following conclusions: population migration exerts positive impact on housing prices in Guangdong province,but the extent of impact varies a lot in different regions,especially the pearl river delta region;House prices owns no significant impact on the population migration in the provincial level,but in population emigration areas,especially in the northern mountains area revealed a significant negative effect.Of course,interactive effect between them is unsustainable,instead it rockets to the peak in the fourth phase,and then began to fall.Based on the above analysis,the author concludes that,when Guangdong province government formulate housing policies,they should make adjustments by considering the conditions in different regions.To those population immigration area,such as the pearl river delta region,they should control investment behaviors,focusing on solving the housing problem and offering the immigration population living house;To those population emigration area,such as the other areas of Guangdong province,they should offer privilege policies,like housing policies and tax policies to attract people to settle down and buy houses.