| The healthy development of real estate industry not only affects the development of other industries,but also has a very important impact on the improvement of residents' happiness index.Despite the rapid development of China's real estate market in the past 20 years,with the continuous advancement of urban construction system reform and housing system reform,many disadvantages and problems have begun to emerge.For example,the real estate market speculation and other speculation is increasingly serious,leading to the rapid rise in housing prices,the real estate bubble is getting bigger and bigger.Under the great pressure of house purchase,the living standard of residents is obviously affected,which significantly reduces the well-being of residents.What's more,the soaring housing price also affects the development of other industries.Therefore,it is of great significance to study the influencing factors of China's real estate prices,which can provide important references for the government to formulate effective policies to curb the growth of housing prices.China is a vast country with more than 600 prefecture-level cities,which vary greatly in resource endowment,economic development stage and urbanization.Different cities are located in different regions,and the influencing factors of their real estate prices are also different.The study on "the influencing factors of real estate prices in China's first,second and third-tier cities" is of great significance for China to formulate more targeted regulatory policies for the real estate industry in different regions so as to promote its healthy development.Therefore,the purpose of this study is to analyze the differences of real estate price influencing factors in different regions of China.First of all,this research from the perspectives of population,the macroeconomic perspective,income,capitalperspective,construction costs and land supply chose to include at the end of the population,per capita GDP,per capita disposable income of urban households,real estate investment and development,real estate development completed building costs and real estate development this year the purchase of land area,six in China's real estate price influencing factors.In addition,49 prefecture-level cities in China were selected as research samples,including 4 first-level cities,20 second-level cities and25 third-level cities.Through ridge regression,the influencing factor models of real estate price in first-tier cities,second-tier cities and third-tier cities are constructed.Based on the model of real estate price influencing factors in first-tier cities,second-tier cities and third-tier cities constructed in this study,it can be concluded that the influencing factors of real estate price in China have obvious regional differences.The real estate development in first-tier cities has the most significant impact on the real estate price by land area purchased in this year,the population at the end of the year in second-tier cities has the most significant impact on the real estate price,and the per capita disposable income of urban residents in third-tier cities has the most significant impact on the real estate price. |
PDF Full Text Request