The Impact of Demographic Structure on Housing Prices: Evidence from Macau

DOI

10.2991/icefs-17.2017.30How to use a DOI?

Keywords

Demographic Structure, Housing Price, Hedonic Price Method, Aging Population, Macau

Abstract

Due to the Macau's rapid development of the real estate market, the average housing prices increased by about 600% in 10 years. The changes in the demographic structure also affected the housing needs, and the aging population increased to affect the housing market. Therefore this paper used the quarterly data from 2005 to 2015 to analyzed the impact of demographic structure on housing price in Macau. The results showed the ratio of the aging ratio, child dependency ratio, marital status and GDP had significant impact on the housing prices in Macau. It is necessary to improve the relevant policies to meet the housing needs of the residents in accordance with the demographic changes and population flows. Especially the government needs to pay attention to the trend of aging population, and improve the housing quality and living environment of Macau.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Song Yanan
PY  - 2017/01
DA  - 2017/01
TI  - The Impact of Demographic Structure on Housing Prices: Evidence from Macau
BT  - Proceedings of the 2017 International Conference on Economics, Finance and Statistics (ICEFS 2017)
PB  - Atlantis Press
SP  - 268
EP  - 272
SN  - 2352-5428
UR  - https://doi.org/10.2991/icefs-17.2017.30
DO  - 10.2991/icefs-17.2017.30
ID  - Yanan2017/01
ER  -