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Based On Empirical Analysis Of Consumer Theory Of Commodity Housing Prices

Posted on:2010-01-25Degree:MasterType:Thesis
Country:ChinaCandidate:X F DengFull Text:PDF
GTID:2199360278971486Subject:Business management
Abstract/Summary:PDF Full Text Request
Real estate is used as the basis and guiding industry, the impact on the economy plays an important role. From the micro-level, all the real estate market players (developers, vendors, investors, service agencies, etc.) wish to be able to predict accurate and timely real estate price trends in order to make the right investment decision and defeat their competition in the market. From the macro-level, the paper researches the cyclical of real estate price, which is necessary to research the development strategy of real estate and the needs of national economic planning. The method of the research and analysis should also be in accordance with statistics, econometrics and other quantitative so as to strengthen consumption, rational investment and logical policy. In this paper, the price of China's real estate market rise at all times, and people are hard to buy house as a social problem. At present, the consumption remains in the doldrums, and people have much long-term coexistence. At the moment, the paper studies the housing price fluctuations using consumption theory.Housing consumption is a very important part for in the process of reproduction, and it is a starting point of Housing production and is also a destination point. Housing industry can become a new economic growth point in China's economic development, and it can play a role for stimulating the development of related industries. The key is whether the housing price follows as a consumption growth. In recent years, in order to boost domestic demand and stimulate economic development the Chinese government have adopted a series of housing consumption for urban residents to start the policies and measures, in particular the reform of housing system, but the market is still the "cold". There are some destabilizing factors to the sustained and healthy development of China's real estate market, and the reason is not to say that residents don't demand house, but the potential demand for housing and the upward trend is apparently insufficient. There is still great potential as part of the demand is not yet developed. Under such circumstances, understanding the housing consumption of residents and in-depth analyzing the impact factors are very important to the development of the housing industry.In this paper, consumption economic theory and supply & demand theory as the theoretical basis, combining the main qualitative and quantitative analysis method study the status quo of housing prices in Chongqing residents and influencing factors: first, the status quo of housing prices in Chongqing residents is analyzed; Second, the status quo analysis of residents housing consumption in Chongqing City is based on several household consumption expenditure, households in the Engel's coefficient, regional GDP GRP, price index, land transactions and so on. In the above analysis, there are some corresponding policy implications and recommendations are provided in order to promote residents rational consumption and promise the housing market to develop healthily.
Keywords/Search Tags:House's price, Consume, Chongqing, Empirical Research
PDF Full Text Request
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