The Analysis Of Dalian Real Estate Prices' Influencing Factors

As recent years continuous and rapid rise in large and medium cities'real estate prices, real estate prices have become prominent issues in the current society. Real estate prices will not only significantly affect people's living standards, but also relate to the entire social stability. Therefore, the real estate prices have been focused by public, government, and media, etc., but also become the key research object of experts and scholars. But now, it is facing with a dilemma:although there are a large number of research results and the series of control measures, but they did not stop the rising trend of real estate prices, real estate prices have seriously affected the people'confidence level for government and real estate enterprises, so the depth study of real estate prices'inherent influencing factors and putting forward practical and effective measures play an important role for solving the ever-rising real estate prices and current social conflicts. This paper makes Dalian real estate prices influencing factors as the specific study object, through Dalian typical real estate market to deeply analyze the real estate prices internal influencing factors.The development of Dalian city real estate is relatively rapid, since 1999, Dalian real estate investment in the fixed asset investment share was being more than 30%, which exceeded the national average level. Dalian city real estate market is very active, from 1999 to 2008, the actual sales of residence growth had mostly been maintained above 10%(except that 2002 was 5.62%, and 2008 was 9.81%), even it was up to 49.37% in 2005. The Dalian city real estate market's activity intensively embodies in the real estate prices, which has relatively rapid growth. In 1999, the average residential price in Dalian was 2329 yuan per square meter, but in 2008, it had reached 6395 yuan per square meter. Specifically, this is the average residential in whole Dalian city, while in the municipal district of Dalian city, the average residential sales price is much higher, such as in April 2010, the average residential price in the Dalian municipal district has reached 11,094 yuan per square meter. Therefore, the Dalian city's real estate price is a good researching case, and it has important significance on the research of Dalian city's real estate prices'influencing factors.This thesis makes Dalian real estate prices influencing factors as the research object, which the purpose is to analyze the internal influencing factors. On the one hand, this thesis researches a number of quantifiable indicators, such as domestic real estate development loans, and construction costs etc.; but on the other hands, it also focuses on the analysis of some quantifiable indicators, such as the psychological expectations of consumers, and speculative behavior etc. The thesis is divided into six chapters, the first chapter is the introduction, it describes the real estate development situation in Dalian, as well as research purposes, etc.; The second chapter describes the literature results at home and abroad on the aspects of real estate prices, and strives to grasp the front dynamics of real estate prices influencing factors'research; the third chapter is about the basis that chooses Dalian real estate prices influencing factors, the content has theory of Marx labor value and market supply and demand balance theory; the fourth chapter as a key chapter, it through qualitative analysis discusses Dalian real estate prices'influencing factors, through the relevant theory, it analyzes the various factors influence on the Dalian city real estate prices; The fifth chapter does the quantitative analysis of Dalian real estate prices'influencing factors, it uses correlation analysis and multiple regression analysis to study the main influencing factors of Dalian city real estate prices; The sixth chapter provides specific suggestions, which are the concentrated expression of this research, while makes a brief summary for this thesis.The main research results and innovative points of this thesis are:firstly, a number of non-quantifiable factors have important influences on the real estate prices in Dalian, such as local government, speculation, etc.; secondly, through the use of correlation analysis and multiple regression analysis, by 1999-2008 relevant factors data analysis, it gets the main factors that influence Dalian city real estate prices, which are capital factors, such as the residential completed investment amount; thirdly, in the discussion process, it deeply reveals the internal factors that influence the real estate prices, such as special interest groups, GDP performance concept, and economic growth mode, etc.; Fourthly, according to the conclusions, it provides effective measures to solve the real estate prices issue in Dalian, such as the imposition of property tax, and guiding real estate investment to develop in the outer city. These research results have certain reference value for the deep understanding of Dalian city real estate prices influencing factors and the further study of real estate prices in other cities, but limited by the the length of thesis and research level, there are also some inadequacies, which provide some directions for further research.