Research On Relation Bettween Urbanization And Real Estate Supply And Demand In China

Urbanization is a lengthy and complex process that constant population migrate from rural to urban. In general, the later start of the country, the shorter time of urbanization. Over the past decade, China's urbanization rate had a rapid growth, much higher than the growth rate of other countries and regions in he same period. The central document of 2013 pointed that the new urbanization is no longer a "Building city movement" that only pursuit the expansion of the city in one-sided, but the promoting human-centered urbanization, in order to achieve the primary task of Citizenship, keeping a green low-carbon development in cycle. March 2014, the State formally introduced the new national urbanization plan (2014-2020), which emphasis the great significance of urbanization to economic and social development.The advance of urbanization is an irreversible trend, that will bring great opportunities for development to he real estate market, promote the rapid development of real estate investment. At the same time, real estate development provided the material foundation and guarantee for the deepening of urbanization. Real estate market supply and demand equilibrium problem will also change in the background of the new urbanization. What kind of relationship exists between the new urbanization and real estate supply and demand, this paper attempts to quantify this relationship, on this basis, propose some suggestions that will contribute to the healthy development of the real estate market in future, and finding the path to achieve supply and ng demand equilibrium.Through the study of urbanization real estate market related theoretical knowledge, analyzed the current research status quo, analysised the shortcomings of previous studies. First, we reviewed China's urbanization and real estate development process, analyzed the status quo of China's urbanization and real estate market supply and demand, qualitative analysis and interactive the relationship between that, including the promotion of urbanization on real estate and the stimulating effect of real estate for urbanization. Then from the empirical point of view, selected six index data of 31 provinces (autonomous regions) 2005-2012, including the urbanization rate (URB), real estate development and investment (REI), the number of employees in real estate industry (EN), real estate sales area (SA), real estate sales prices (P), per capita disposable income of urban residents (INC), then established panel data models in both supply and demand perspective. We quantified the relationship between urbanization rate and the real estate market supply and demand. Concluding that there is a positive correlation between urbanization and real estate market supply and demand, the increase of urbanization rat can increase the real estate development and investment, and promote the sales area of real estate. At the same time, the depth of urbanization can increase the number of practitioners and real estate prices. In addition, the paper divided China's provinces and cities into three regions, eastern, central, western region, apart from analysising the interaction between national, we also compared the difference between the three various regions. Finally, we proposed some suggestions that can attribuilt the healthy and coordinated development of China's real estate industry, and find the path to achieve equilibrium between supply and demand under the new urbanization background.