Research on the Impact of Interest Rate Changes on Real Estate Investment Returns in First- and Second-tier Cities: Based on the Heterogeneity Analysis of Weighted Housing Prices

Yixuan Wang ()
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Yixuan Wang: Fujian Normal University, School of Economics

A chapter in Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025), 2025, pp 213-220 from Springer

Abstract: Abstract This study constructs a dynamic panel model to analyze the impact mechanism of interest rate changes on real estate investment returns. The empirical results show that: (1) For every 1 percentage point reduction in the loan prime rate (LPR), the weighted housing prices in first-tier cities and second-tier cities increase by 5.8% on average, and 3.2% in second-tier cities, showing significant differences in urban energy levels; (2) Interest rate transmission is mainly achieved through credit channels (impact coefficient β =-0.032, p

Keywords: Interest Rate Transmission; Interest Rate Policy; Empirical Analysis (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-874-5_27

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DOI: 10.2991/978-94-6463-874-5_27

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