The Determinants of Housing Prices: Evidence from Chinese Cities
With the rapid growth of China’s economy, the urbanization process is accelerating, and urban development is getting faster and faster. Housing prices have become a concern for more and more residents. This paper empirically studies the determinants of housing prices, including population, region, l...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2022-01-01
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| Series: | SHS Web of Conferences |
| Subjects: | |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2022/21/shsconf_emsd2022_01003.pdf |
| _version_ | 1797951090518392832 |
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| author | Yang Wanli |
| author_facet | Yang Wanli |
| author_sort | Yang Wanli |
| collection | DOAJ |
| description | With the rapid growth of China’s economy, the urbanization process is accelerating, and urban development is getting faster and faster. Housing prices have become a concern for more and more residents. This paper empirically studies the determinants of housing prices, including population, region, land factors, and government fiscal measures. Multiple linear regression models interpret the economic implications of empirical results by collecting unique data sets from multiple sources. The results show that government fiscal revenue, real estate investment, and land value positively correlate to housing prices. This article makes insightful comments on the above analysis, which is significant to the government, real estate developers, and residents. To a large extent, the government can take measures to adjust the housing price and solve the housing problem. Achieve the purpose of sustainable development. |
| first_indexed | 2024-04-10T22:25:13Z |
| format | Article |
| id | doaj.art-74b36571763b4e8fa529c214d17aaddf |
| institution | Directory Open Access Journal |
| issn | 2261-2424 |
| language | English |
| last_indexed | 2024-04-10T22:25:13Z |
| publishDate | 2022-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj.art-74b36571763b4e8fa529c214d17aaddf2023-01-17T09:16:14ZengEDP SciencesSHS Web of Conferences2261-24242022-01-011510100310.1051/shsconf/202215101003shsconf_emsd2022_01003The Determinants of Housing Prices: Evidence from Chinese CitiesYang Wanli0University of CaliforniaWith the rapid growth of China’s economy, the urbanization process is accelerating, and urban development is getting faster and faster. Housing prices have become a concern for more and more residents. This paper empirically studies the determinants of housing prices, including population, region, land factors, and government fiscal measures. Multiple linear regression models interpret the economic implications of empirical results by collecting unique data sets from multiple sources. The results show that government fiscal revenue, real estate investment, and land value positively correlate to housing prices. This article makes insightful comments on the above analysis, which is significant to the government, real estate developers, and residents. To a large extent, the government can take measures to adjust the housing price and solve the housing problem. Achieve the purpose of sustainable development.https://www.shs-conferences.org/articles/shsconf/pdf/2022/21/shsconf_emsd2022_01003.pdfhousing pricedeterminantschinasustainable development |
| spellingShingle | Yang Wanli The Determinants of Housing Prices: Evidence from Chinese Cities SHS Web of Conferences housing price determinants china sustainable development |
| title | The Determinants of Housing Prices: Evidence from Chinese Cities |
| title_full | The Determinants of Housing Prices: Evidence from Chinese Cities |
| title_fullStr | The Determinants of Housing Prices: Evidence from Chinese Cities |
| title_full_unstemmed | The Determinants of Housing Prices: Evidence from Chinese Cities |
| title_short | The Determinants of Housing Prices: Evidence from Chinese Cities |
| title_sort | determinants of housing prices evidence from chinese cities |
| topic | housing price determinants china sustainable development |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2022/21/shsconf_emsd2022_01003.pdf |
| work_keys_str_mv | AT yangwanli thedeterminantsofhousingpricesevidencefromchinesecities AT yangwanli determinantsofhousingpricesevidencefromchinesecities |