Analysis On The Influencing Factors Of Commercial Housing Price

People often say food, clothing, living, transportation, Although literally, living is in the third place behind food and clothing, but in fact, living with clothing and food has the same effect in human social life. From housing only offered shelter for humans to the development of QinZhuanHanWa, it is not only an epitome of the history, also reflects the historical process of the Chinese housing. Now, real estate is an important production and living materials, as the promotion of the demand level, housing not has the function of living, is also the important material base to enjoy life.Commercial housing is a housing type that closely relates to the most residents’life in the real estate field. Its price has the fundamental influence in the whole real estate market, plays a decisive role in the development of real estate market. With the continuous development of the housing market, the fast rising of the housing price, especially the commercial housing price has been the focus of people’s attention.So, what led to the rising price of commercial housing? This paper first makes a qualitative analysis, it divides the influencing factors of commercial housing price into economic activities’participants factors, macro factors and other three categories. While the economic activities’participants includes consumers factors which has residents’ income and consumption structure, population, psychological factors, the property tax four aspects, enterprises factors which has land, housing construction costs, housing quality index and real estate enterprises’monopoly four aspects, governments factors mainly refers to the adjustment of the policy and banks factors has the change of interest rate, the regional and policy changing of the housing fund, the banks’expectation of the real estate market three aspects. Macro factors include GDP, inflation and the movement of capital three aspects. Other factors include the information asymmetry of the real estate market, international factors.Then considering the present situation of housing market in Wuhan, this paper uses the year of1998-2012including10statistical indicators as a sample, through establishing multi linear regression model and using Least Squares method to regression analyse and test. In eliminating multicollinearity under the premise, the empirical analysis’result is factors that affect the price of commercial housing in Wuhan mainly include housing construction costs, urban residents’disposable income and investment in real estate development.Finally, basing on the qualitative analysis and the quantitative analysis results, putting forward the related suggestions to stable the commercial housing price in Wuhan and promote the healthy development of the commercial housing market.