Research On The Relationship Between Resource-based City Life Cycle And Real Estate Market Development

The resource-based cities and real estate markets have developed rapidly with the exploitation and utilization of urban resources.In the different development stages of resource cities,the real estate market also shows corresponding characteristics and characteristics.The rapid development of the real estate market shows that real estate investment is large and real estate prices are rising rapidly.During the urban recession,the real estate price income ratio is too high,the vacancy rate is high,the oversupply phenomenon is serious.Based on relevant theories and research results at home and abroad,this paper uses literature review,statistical analysis and multi-indicator analysis,qualitative and quantitative analysis,and econometrics to study the relevance of resource-based cities' life cycle and real estate market develop.Firstly,the impacts of resource industry,real estate investment and real estate price on the life cycle of resource cities and the impact of real estate supply and demand,macroeconomics,population factors,and fiscal and monetary policies on the development of real estate market are analyzed;then,urban economic development and real estate investment,and cities are constructed.Economic development and real estate prices,as well as the VAR model of urban life cycle and real estate cycle,and Yulin City as the empirical research object,finds that GDP and real estate investment are one-way Granger causality,and resource industry and real estate investment Granger causality.At the same time,the positive and negative effects of the impact of GDP and resource industries on real estate investment coexist.Real estate prices play a major role in urban economic development through the "wealth effect" and "Tobin effect",while the "associated industrial effect" plays a minor role.There is a positive correlation between the resource life cycle and the real estate cycle.However,this correlation has lag and asymmetry.Finally,according to the above theoretical and empirical analysis,the countermeasures and suggestions for promoting the development of real estate market in resource-based cities are proposed.Through the study of this article,the research of resource-based urban real estate can be further enriched.At the same time,it has implications for promoting the healthy development of resource-based urban real estate and cities.