Panel Data of China's Real Estate Prices and Real Estate Vacancy — Based on Data Analysis of 35 Large and Medium Size Cities

DOI

10.2991/msie-15.2015.64How to use a DOI?

Keywords

real estate prices; vacant space; panel data; effective supply.

Abstract

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.

Copyright

© 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/).

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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  -