Panel Data of China's Real Estate Prices and Real Estate Vacancy — Based on Data Analysis of 35 Large and Medium Size Cities
- 10.2991/msie-15.2015.64How to use a DOI?
- real estate prices; vacant space; panel data; effective supply.
According to the National Bureau of Statistics data show that China's real estate market, there are high vacant space and high housing prices coexistence phenomena. I believe that the reasons for the high vacancy space resulting mainly from the real estate market supply and demand characteristics, quasi-rational expectation of the market and the failure of the market. In addition, the market non-effective supply and demand is a key factor that led to high housing prices and high vacancy space coexistence. On this basis, the use of 2004 ~ 2014 of 35 large and medium size cities real estate prices and real estate vacant space analysis, the results indicate the presence of a significant correlation between the two.
- © 2015, 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/).
Cite this article
TY - CONF AU - Luyun Zhang AU - Mengqi Yuan AU - Hanwei Li PY - 2015/11 DA - 2015/11 TI - Panel Data of China's Real Estate Prices and Real Estate Vacancy — Based on Data Analysis of 35 Large and Medium Size Cities BT - Proceedings of the 2015 International Conference on Management Science and Innovative Education PB - Atlantis Press SP - 297 EP - 301 SN - 2352-5398 UR - https://doi.org/10.2991/msie-15.2015.64 DO - 10.2991/msie-15.2015.64 ID - Zhang2015/11 ER -