Empirical Study Of The Correlation Between Real Estate Price And Urban Value

In our country,the real estate industry is a pillar industry,its development is closely related to the interests of the people,and also has a certain impact on the main economy of our country to a certain extent.Different cities have different prices because of their different geographical conditions.The real estate prices of each city have certain characteristics.There are some literatures at home and abroad that show that house price is positively correlated with the economic strength and quality of life of a city.There are obvious differences in the development of regional economy in China.Besides economic factors,there are also some factors that affect the real estate price.This is the main content of this paper.In this paper,the urban value is used to include these factors which affect the real estate price.Through the study of the relationship between the real estate price and the urban value,the reasons for the differences between real estate prices in different cities are studied.The city value of a city is determined by some intangible and tangible assets.When the government plans to enhance the city value of a city,these intangible or tangible assets will gradually join the city’s housing prices.The coordination of housing prices and urban values in China’s major cities is related to the future of China’s real estate industry and even China’s economy.By studying the relationship between housing price and urban value,we can better analyze the causes of housing price differences among different cities,and provide an effective basis for the government to formulate relevant policies.This paper is mainly divided into seven parts: introduction,research status at home and abroad,selection and comparison of relevant theories and methods,the role of urban value in real estate price change and analysis of urban value index system,correlation analysis of real estate price and urban value,suggestions,main conclusions and prospects.Firstly,this paper combs the research status of the correlation between real estate price and urban value at home and abroad,and finds that some scholars have analyzed the relationship between real estate price and urban value by establishing econometric models.The analysis results show that the research on the influencing factors of housing price mostly concentrates on the quality of urban life and urban economic strength,and lacks comprehensive,systematic research.Research results,because of the rapid development of China’s economy,the existing framework system of urban value system is constantly updated and improved,so this paper builds a more comprehensive urban value index system on the basis of constantly improving the urban value index system,and on this basis,uses the regression analysis model of SPSS23.0 to analyze the real estate price and urban value.Relevance between them,and the conclusions of this paper on the regulation of housing prices and the promotion of urban value put forward relevant suggestions.The research value of this paper mainly lies in the analysis of the relationship between real estate price and urban value,the construction of urban value index evaluation system,the use of panel data of China’s 35 major large and medium-sized cities in 2017,the comparison of cross-sectional data,from the urban economic strength,urban brand value,urban quality of life and other components of urban value to compare the difference of urban value between cities.By analyzing the correlation between real estate price and urban value,the paper finds out the main factors influencing the fluctuation of real estate price,and provides policies and suggestions for promoting the promotion of urban value and the healthy and orderly development of real estate industry in China..