Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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Empirical Research on Determinants of Housing Prices in Large Cities

Authors
Mingyuan Liu1, *
1Guanghua Cambridge International School, Shanghai, 201319, China
*Corresponding author. Email: Mystery@email.cu.edu.kg
Corresponding Author
Mingyuan Liu
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_115How to use a DOI?
Keywords
housing price; determinants; large cities
Abstract

This dissertation mainly analyses the determinants of housing prices in large cities. For different cities, reasons behind variations in housing prices are also distinguishable. Therefore, through both literature research and empirical analysis, 5 potential determinants of average prices of commercial housing (floor space of buildings completed, city per capita disposable income, investment in real estate development, end-year permanent household size and GDP per capita) are analysed respectively, mainly by correlational analysis and stepwise regression method. The result reached is that city per capita disposable income is always a factor affecting average price of commercial housing, investment on real estate development is a factor affecting average price of commercial housing in most cases, despite some cities banning investment strongly, and end-year permanent household size is occasionally a factor, largely depending on other factors such as the speculative demand and willingness to purchase houses of local population. Other two possible determinants have no influence on average price of commercial housing.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
978-94-6463-052-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_115How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Mingyuan Liu
PY  - 2022
DA  - 2022/12/27
TI  - Empirical Research on Determinants of Housing Prices in Large Cities
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 1024
EP  - 1035
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_115
DO  - 10.2991/978-94-6463-052-7_115
ID  - Liu2022
ER  -