Economic Analysis Of Property Price In China Western Regions

Since 1998, China's housing welfare system ended, housing marketization reform, a real estate industry towards marketization of watershed. Since then, China's rapid development of real estate market of domestic demand, accelerate, start urbanization, promote the rapid growth of the national economy, played a very important role. After ten years of development, the real estate industry has become one of our major industries. At the same time, however, real estate investment growth, the vacancy rate high prices, too big, supply and demand structure imbalance problem, wenzhou place fry building group, overseas hot money, the price of the star, continuously break in part official lok ma... All of the real estate market speculation reveals extremely strong atmosphere. The real estate market due to its supply is limited, the elasticity of easy does not exist without the ultimate alternative: real estate prices, the basic value of the incertitude and so on a series of features, causes it to become the most common carrier of the bubble economy. Therefore, the domestic "real estate bubble, high voice", China's real estate bubbles existence of current China became the most heated discussion topics.Meanwhile, the debate about our house in the west, it is also rising in the 2008 international financial crisis in the backdrop, analysis and discussion of whether the price in western region of China, have substantial existence foam. On the one hand, it can be for real estate development enterprises play a guiding role, on the other hand, it also can be in western region of China, the price is reasonable to provide a reference. Based on the theoretical research at home and abroad based on the statistical data, citing a series, using the theoretical and empirical combination of analysis method in western region of China, the prices of the empirical analysis, the paper tries to provide a price for developers, early warning mechanism framework. The early warning mechanism for western local governments and consumers have very good guidance.This is divided into four parts altogether. The first part is the introduction. Introduces the background, significance and foreign literatures were reviewed.The second part is the essence of real estate prices, characteristics and conduction mechanism analysis, especially on the factors which influence the real estate price and the price of real estate and land price. The theory of real estate bubble is introduced, this paper expounds the concepts of the bubble economy, real estate bubble of the definition and connotation of the real estate bubble, running mechanism and forms, the further analysis in western region of China, there is a real estate bubble theoretical basis.The third part is the prices are reasonable in west China, the empirical research of western region of China real estate development situation are introduced, through a series of index system in western region of China, to judge the provinces and major cities there are real estate bubble.