Research on the Influence Factors of Housing Price in China—Taking Changchun as an Example

Xincheng Zhu ()
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Xincheng Zhu: ACS International

A chapter in Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), 2022, pp 516-521 from Springer

Abstract: Abstract As a result of China's reform and opening, it entered a period of rapid economic growth, allowing the demand for housing to rise at a rapid pace since 1978 (the government approved the commodification of housing and land property rights). The commercialization of housing stimulates the citizens’ needs for housing, which promotes economic growth, as many related industries boom. With the progress of housing commercialization, an outstanding issue of housing prices has gained billions’ attention. The research will be conducted under theoretical and practical, that to explore what changes the housing price in the city of Changchun. It is undoubtedly that many factors indeed impact the fluctuation of housing prices. In this essay, five factors are selected, using the meth of GRA to detect their relations and propose several effective methods.

Keywords: Fluctuations in house prices; Economic fundamentals; Grey Relations Analysis (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-036-7_76

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DOI: 10.2991/978-94-6463-036-7_76

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