Shenzhen Housing Prices Empirical Study

Following the reformation of the housing system, the real estate and housing industry of our country has been booming through investments and development for four times at not long time since the reformation and open in China. Every feverish development almost caused the advancing of the house price quickly and the strong concern of the social public. What factor is affecting real estate price ever? Since Shenzhen was opened up for the special economic zone in 1980, the development of the real estate industry, regardless from the form or its contents, has been all walking ex- row in the whole country, so this might provide the precious experience for the development of the real estate industry of the whole country. However, the articles about the real estate prices of Shenzhen, especially about the ration-resolution of factors that affect the prices, currently are not much. This thesis tries to do some beneficial trials in this respect exactly.The contents of the research in this thesis lie in the following three points. First, on the foundation of the study of cultural heritage and the norm analyses, the main factors that influence the house prices have been induced out. They include the factors of demand, supply and environmental conditions. The factors of demand can be subdivided into four aspects such as population quantity, the factors of supply also can be subdivided into four aspects e.g. land cost, and the factors of environmental conditions can be subdivided into three aspects, for example, the GDP. Next, on the basis of analyzing the principle about demand, supply and price, we set up three kinds of models to relate to the house prices and their influence factors. They are the models under the factors of demand, supply and the combination. In addition, the way of regression and examination is given in it. In the end, on the processing and modifying the problems and blemishes in the original data in Shenzhen City, the empirical researches have been done towards three models that have been above built up, analyzing and evaluating the models, the thinking of the study result and the shortage of the researches have been put forward.The main conclusions and new ideas of this paper are as follows. First, we set up the research models from three different angles, analyze quantitatively, and find the quantity relation between the house prices of Shenzhen and their influence factors. The second, we get the individuality relation between the house prices of Shenzhen and their influence factors, namely the eight aspects which include population showremarkable relativity with the house price of Shenzhen, in the real-life and balanced house market of Shenzhen, the most important factor that affects the house price is population; it is followed by the real estate investment factor, the cost factor, the average wage factor, and the factor of ratio of the GDP growth, which is the weakest. The third, we verify that the trend of the house price of Shenzhen City changes positively with the population factor, the cost factor and the average wage factor etc., while it changes negatively with the real estate investment factor. These could provide the reference for the government in controlling the real estate especially the house market.The results of this paper have a certain reference value for other city studying the relation between the house prices and their influence factors, but there are many shortage and regrets too. The future research might be targeted at such aspects as the optimization of the evaluation system, the selection of the model function, the expanse of the sample data, the analysis of Classify and Factor, the combination of the rational city scale, so as to make the result of the research to have the more extensive leading meaning.