Research On Regional Heterogeneity Of House Price Increase In China Based On The Perspective Of Urban Agglomeration

Since the reform and opening up,in response to the imbalance of regional economic development in China,the central government has successively implemented a series of development strategies such as opening up the eastern coastal cities,promoting the rise of the central region,promoting the development of the western region,and revitalizing the old industrial bases in the northeast.With the implementation of these policies and the advancement of urbanization,the urban agglomeration economy centered on the core cities in China has developed rapidly,and the urban agglomeration development model has become an important support and effective way to promote regional economic development.However,the economic differences between regions are even more pronounced,and the internal differentiation of real estate market trends in different cities is becoming more and more serious.With the continuous concentration of population to urban agglomerations,small and medium-sized cities around the core urban clusters have developed rapidly and house prices have risen rapidly.Small and medium-sized cities in non-core urban agglomerations have lagged behind due to the immature development of urban agglomerations,and the price of housing rises more slowly.Grasping the new situation and new laws appearing in the real estate market scientifically has important theoretical significance and practical value for establishing a real estate basic system and long-term mechanism which conform to the national conditions and market rules and improving the accuracy of the property market regulation policy.This paper builds the OLS Model and Time-Point Fixed Effect Model based on the data of house prices and various characteristic variables in 70 large and medium-sized cities in China from 2005 to 2016 and conducts an empirical study on the differentiation of gains in home prices between core urban agglomeration and non-core urban agglomeration in China.The following conclusions are drawn: Firstly,urban housing prices in core urban agglomerations have a faster upward trend.Secondly,the secondary industry has a significant negative impact on the growth of urban housing prices.Thirdly,the internal differentiation of small and medium-sized cities is aggravated due to the different degrees of acceptance of radiation-driven by the core cities of urban agglomeration in different cities.Finally,according to the empirical results the following policy recommendations are put forward for the current situation of China's property market regulation: to formulate differentiated control policies for different cities and improve the diversity and accuracy of control policies.For example,Property markets in core urban agglomerations should be strictly regulated.The regulation of the real estate market in non-core urban agglomerations can be moderately relaxed.At the same time,we should encourage the development of real estate in urban agglomerations to be driven by central cities.The direction of regulation should gradually shift from short-term regulation to the establishment of a long-term mechanism and housing system.Starting from the structural reform of the supply side,we should continue to push forward the housing system reform of “multi-agent supply,multi-channel guarantee,and rent-and-buy”.