Research On Influencing Factors Of Real Estate's Price

There are many factors that have an influence on real estate prices, for instance, the common factors of land-use systems, the housing system, demographic factors, economic development, fiscal and financial policies, the regional factors of road and transportation, urban facilities, environmental conditions, and etc., the specific factor of the structural characteristics of different buildings.However, influences of these factors on real estate prices differ in different countries (even in different cities and regions of the same country) , different development stages of real estate industry, the size of the impact has shown is not the same.Taking the real estate price (mainly the residential prices) as the study object, this paper makes an attempt to find out that in the current domestic real estate market, which are the main factors that exert important influences on real estate prices, and which are the minor factors (no doubt, these factors are the relative importance and dynamic) .Furthermore, this paper conducts a qualitative and quantitative empirical research on real estate prices of Xuzhou City, revealing its inherent running mechanism.Study on factors affecting real estate prices in this thesis mainly consists of the following three parts:The first two chapters are mainly summary of and comment on domestic and foreign research results of factors influencing real estate prices, as well as major theories in this aspect.Chapter I makes a brief introduction to the significance, current domestic and foreign situation of research of factors influencing real estate prices, and it summarizes the research methods and thoughts.Chapter II elaborates on main theories of real estate price influencing factors at home.The second part carries out an analysis of the current real estate prices and the main real estate influencing factors in Xuzhou, which is included in Chapter III to VII.Chapter III analyzes the market status quo and the changes of the Xuzhou realestate price situation over the past two years.Chapter IV analyzes economic and financial factors affecting real estate prices.Chapter V analyzes the policy factors, proposes that the current real estate market in China is still in government-dominating stage.As the influence of policy factors are so great that research and analysis of various factors is still difficult to quantify.Chapter VI analyzes influences of the urban population and family structure, and suggests that influence of total population on the real estate price is not so definite.Rather, it is sometimes a kind of potential support.Chapter VII analyzes influences of geographic factors and the housing cost.lt holds that location of a city is the determinant of the overall real estate price level, and the location factors on prices is also evident, while the residential costs impact is not evident in the short-term.The conclusions and perspective.This part summarizes the research results and shortcomings of this paper, and makes a forecast to the future research direction.