The Research On Convergence And Its Factors Of Urban Housing Prices In Pearl River Delta City Clusters

With the continuous improvement of the marketization degree of real estate,the Pearl River Delta's rapid development of the real estate industry has also contributed to the ever-rising housing prices of the region,especially the regional core cities represented by Guangzhou,Shenzhen,and Zhuhai.Prices of these three cities have sustained significant fluctuations,and other cities of Pearl River Delta also appeared different degrees of rising housing prices.Although various cities in the Pearl River Delta have introduced various regulatory policies to balance the housing price gap,there is still a certain gap between housing prices in various cities.If So if you cannot recognize the characteristics of regional differences in the price of PRD cities,you cannot deeply analyze the development trend of the real estate industry in the Pearl River Delta,either formulate specific regional price control policies in line with the characteristics of the PRD real estate industry,to maintain the steady and healthy development of the real estate industry in the pearl river delta.In this study,Pearl River Delta city clusters 9 prefecture-level city from 2000 to 2016 as the sample data,after verification of the spatial correlation of the existence of price data,by establishing a spatial model of regional house prices in Pearl River Delta city clusters,we draw the following conclusions: Whether or not space factors are considered,regional housing prices in Pearl River Delta city clusters do not exist absolute ? convergence;the main factors that affect the convergence of prices,Through the regression analysis of spatial econometric model,it is concluded that there is a condition ? convergence in the PRD city clusters,and per capita disposable income of urban residents,mileage per capita,immigration,population density are the main factors affecting the conditional ? convergence of the housing price in the PRD city clusters.