2013•Journal of Hebei University of TechnologyRequires access
Relationship between volatility of real estate price and regional economic
Zhao Wen-zhon
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Abstract
The real estate industry has become an important aspect of national economic development. Because of the impact of regional differences, a regional real estate prices should be compatible with the level of local economic development. This paper has made a quantitative analysis of the real estate market in Tianjin via the relationship between real estate price fluctuations and regional economic variables. We select the prices of real estate in the last 20 years, per capita GDP, real estate development and investment, urban residents' disposable income, interest rates and other indicators of variables to identify the key factors affecting the price fluctuations. The conclusion will provide Tianjin with a useful reference in making policies for real estate development.