Urban Economic Development Level and Real Estate Market in Mainland China
- 10.2991/aebmr.k.220502.007How to use a DOI?
- Real estate market; City economic development level; Post COVID-19 era; Development efficiency
The real estate industry is the pillar industry in Chinese mainland at present. The impact of the real estate industry has been continuously discussed in the academic circles. This paper will choose one aspect of the level of urban development, that is, the level of economic development, as the influencing factor. The index consists of economic growth, economic structure and economic efficiency. This paper will explore the impact of the level of urban economic development on the supply, demand and price of the real estate market. The study found that the level of urban economic development has a positive impact on prices. The response of supply to economic changes lags behind. Due to the particularity of housing as a commodity and high savings, the change of urban economic development level has little impact on demand. The final study also puts forward some policy suggestions. Under the policy of “housing is for living, not for speculation”, the government encourages the development of the real estate industry in the short term, because the real estate industry has a positive impact on economic development after the epidemic. Secondly, the government should also encourage accelerating the response speed on the supply side.
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article distributed under the CC BY-NC 4.0 license.
Cite this article
TY - CONF AU - Linpeng Zhang PY - 2022 DA - 2022/05/16 TI - Urban Economic Development Level and Real Estate Market in Mainland China BT - Proceedings of the 2022 International Conference on Urban Planning and Regional Economy（UPRE 2022） PB - Atlantis Press SP - 28 EP - 32 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220502.007 DO - 10.2991/aebmr.k.220502.007 ID - Zhang2022 ER -