2007•Advanced materials researchRequires access
Empirical Research on Influencing Factors of Shanghai Real Estate Price Fluctuation
LI Yong-f
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Abstract
Monthly datum were handled through Co-integrating and Granger causality test to analyze influencing factors on Shanghai real estate price alteration from Feb 2003 to Aug 2006.Results indicated that macroeconomic are main factors pushing up real estate price as well as the ratio of investment in housing to fixed asserts. PDI and vacancy ratio had little influence on the price. But new real estate policies repressed the price greatly. We can conclude that Shanghai real estate market was in non-equilibrium conditions and proper macro-controlling policies were needed to make assure the real estate industry in exuberance.