The Effect On The City Housing Prices By Population Inflow:Theoretical Analysis And Empirical Study

The China Population Development Report in 2015 which published by The People’s Republic of China National Health and Family Planning Commission shows that as of the end of 2014,there are 253 million national floating population,accounting for 18.5% of the total population,it has an increase of 3.3% over last year.And the number of floating population will gradually increase to 291 million by 2020,with an average annual growth rate of about 6 million.The increasing of floating population has an important effect on the distribution of wealth and economic development in city,and for the real estate industry,because people are the final demanders and city residential users,so the change of population and the population structure resulted from population inflow will have an important effect on demand for city house,and even have an important influence on development trend of city housing prices.Therefore,this paper will study the impact of population inflow on city housing prices.This paper adopts the theoretical research and empirical research method,on the basis of previous studies,this paper firstly discusses the mechanism of population inflow to city housing prices through theoretical research,and then has the empirical research on relationship between population inflow on city housing prices in 35 cities by using the econometric model.There are some conclusions in this paper: firstly,from a regional perspective,whether it is the eastern city,central city or the western city,the population inflow influences the city housing prices,and it is positive,but the impact of population inflow in the eastern city of city housing prices is generally higher than the central city and the City from the West;secondly,from the national level,the influence of population inflow on the city housing price is significantly positive.In generally,the empirical results are consistent with theoretical derivation.So the impact of population inflow on city housing prices is appropriate and has universal practical significance.