Factors Influencing Real Estate Price Fluctuation and the Empirical Analysis in China

Real estate is regarded as consumer goods and investment.Its price fluctuation is influenced by such factors as loan scale,market expectation,demand scale and land speculation.European and American experience indicated that the real estate price is affected by the current and lag income growth and the real interest rate.Empirical analysis in China shows that the real estate price has a strong correlation with housing price and currency supplies.This paper concludes that controlling credit scale is one of the important measures to restrain the excessive growth of real estate.