Study On The Impact Of Population Aging On Real Estate Prices

With the continuous development of the economy,the degree of population aging in our country is deepening year by year,which has become an important trend in social development and one of our country’s basic national conditions.The aging of the population has a profound impact on the entire field of economic operation,all aspects of social construction,social and cultural aspects,as well as the country’s comprehensive strength and international competitiveness.A reasonable response to aging is a necessary guarantee for achieving high-quality economic development.Since Deng Xiaoping’s southern speech in 1992,my country’s real estate market has continued to heat up,and the real estate industry has gradually become a pillar industry affecting my country’s national economy.The continued rise in housing prices has also had a great impact on the lives of our people.As an important feature of our country’s demographic structure,population aging will affect housing prices,a pivotal key variable,which is the focus of general attention from all walks of life.Therefore,under many pressures such as high housing prices and economic downturn,it is particularly necessary to clarify the mechanism of influence between the two,which will not only help optimize the population structure,but also respond to the aging of the population in a reasonable and positive manner,but also help promote housing prices develop in the direction of rationalization.After combing through relevant literature on population aging and housing price fluctuations,this paper uses panel data from 31 provinces,cities,and districts in my country from 2000 to 2019,and uses a fixed-effect model to analyze the relationship between population aging and population aging from both national and regional levels.The relationship between housing prices and the transmission path.The core of this article is to analyze whether the aging of the population will affect housing prices,whether it will promote housing prices or play a certain inhibitory effect,and whether this effect will cause differences in regions with different economic development levels.The empirical results of this paper show that with the deepening of the aging of the population,housing prices do have a downward trend,and this influence is greatly affected by location factors,in the more developed regions,economically underdeveloped regions,and economically underdeveloped regions.It is in a declining trend,and even promotes housing prices in economically underdeveloped areas.Based on the above analysis,this article finally starts with two aspects of reasonably responding to the aging of the population and reasonable regulation of real estate prices,and proposes relevant policy recommendations,in order to provide necessary references for the optimization of the population structure,the rational development of the real estate market,and the high-quality development of the economy and support.