The Research Of Shanghai Real Estate Price Distribution And Foam Degree

The article mainly studies Shanghai real estate distribution and foam degree. We collect and sort large quantities of data from the real estate website and do the following research: Firstly, Shanghai house price is fitted and see its distribution form. Secondly, we make the spatial economics apply to the shanghai real estate market and draw contour by latitude and longitude to see the distribution of house prices in space. Finally, Based on Yekou Youjixiong land price model, we introduce the supply and demand factors including population growth rate, real estate investment rate, CPI growth rate, disposable income growth rate, GDP growth rate and et al, which have influence on real estate price, and establish a new real estate pricing model. Furthermore, we calculate foamless price of Shanghai real estate using this model, and make a comparison between foamless price and actual market price to calculate the foam degree. Finally, based on other scholars’opinion about the real estate cycle division and related real estate policy published every year, we give a rational explanation about the division of the real estate bubble.Through the empirical research we found:(1) Shanghai real estate price distribution obeys power-law distribution.(2) Shanghai real estate prices show the characteristic of many centers, and the house prices and its distance from the center have inversely proportional relationship.(3) Shanghai real estate bubble degrees display the rising trend from2004to2010. It belongs to mild foam age from2004to2006, it is into the serious bubble period after2007, and the real estate bubble falls in2005and2010.