Proceedings of the 2022 International Conference on Urban Planning and Regional Economy(UPRE 2022)

Urban Economic Development Level and Real Estate Market in Mainland China

Authors
Linpeng Zhang1, *
1Wenzhou-Kean University, WenZhou, China, 325000
*Corresponding author. Email: 1129839@wku.edu.cn
Corresponding Author
Linpeng Zhang
Available Online 16 May 2022.
DOI
https://doi.org/10.2991/aebmr.k.220502.007How to use a DOI?
Keywords
Real estate market; City economic development level; Post COVID-19 era; Development efficiency
Abstract

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.

Copyright
© 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.

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Volume Title
Proceedings of the 2022 International Conference on Urban Planning and Regional Economy(UPRE 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
16 May 2022
ISBN
978-94-6239-578-7
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220502.007How to use a DOI?
Copyright
© 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  - https://doi.org/10.2991/aebmr.k.220502.007
ID  - Zhang2022
ER  -