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FACTORS AFFECTING THE RESIDENTIAL REAL ESTATE PRICES IN CHINA |
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| รหัสดีโอไอ | |
| Creator | Jing Zhou |
| Title | FACTORS AFFECTING THE RESIDENTIAL REAL ESTATE PRICES IN CHINA |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2564 |
| Journal Title | UTCC International Journal of Business and Economics |
| Journal Vol. | 13 |
| Journal No. | 2 |
| Page no. | 133-154 |
| Keyword | Residential Real Estate Prices, Eight Economic Regions, Factors |
| URL Website | http://ijbejournal.com/ |
| Website title | ijbejournal |
| ISSN | 1906-5582 (paper) |
| Abstract | From the end of the last century to now, China's real estate developed rapidly and became a pillar industry of the national economy. However, at the same time the booming of real estate development has caused the housing prices in China to continuously rise. High prices bring a series of social problems. Therefore, it is very necessary to analyze the real estate prices in china and explore the influencing factors of prices from the root. This study will provide the evidence for real estate companies and control policies from theoretical and practical standpoints. According to these standpoints, this paper chooses seven factors, namely: gross domestic product; customer price index; monetary supply; exchange rate; interest rate; urban per capita disposable income and land price to study the relationship between residential real estate price and the above based on quarterly data from 2005 to 2016. This paper uses multiple linear regression to analyze influencing factors on property prices. According to the results; gross domestic product negatively affects the housing in some regions, interest rates and exchange rates show the positive and negative effects in different areas, monetary supply positively affects prices in each region. Consumer price index, urban per capita disposable income and land price negatively influence prices in some areas. Lastly, base on the results of this research this paper gives some suggestions to companies and organizations. |
