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An Empirical Analysis of Factors Affecting the Housing Price in Shanghai

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  • Yufang Wang
  • Yanqing Jiang

Abstract

Being one of the most booming and prosperous cities of China, Shanghai is attracting more and more talents from all over the world. Although the development of real estate market contributes a lot to the economic take-off, the excessively high the housing price may cause big troubles. In order to find the main factors affecting the housing price in Shanghai, an econometric model is established and seven explanatory variables, per capita disposable income in Shanghai, land transaction price index, construction cost, urbanization rate, interest rate, CPI of residence and investment in real estate in Shanghai are taken into consideration based on the supply and demand theory. With the help of regression analysis, only interest rate is kicked out and the other six can all be a good explanatory variable for the housing price.

Suggested Citation

  • Yufang Wang & Yanqing Jiang, 2016. "An Empirical Analysis of Factors Affecting the Housing Price in Shanghai," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 4(2), pages 104-111.
    • Handle: RePEc:asi:ajemod:v:4:y:2016:i:2:p:104-111:id:853
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    Cited by:

    1. Yanchuan Mou & Qingsong He & Bo Zhou, 2017. "Detecting the Spatially Non-Stationary Relationships between Housing Price and Its Determinants in China: Guide for Housing Market Sustainability," Sustainability, MDPI, vol. 9(10), pages 1-17, October.
    2. Zhixing Li & Xin He & Zhuojun Ding & Md. Mehrab Hossain & Md. Tanvir Rahman Rifat & Md. Habibur Rahman Sobuz & Yafei Zhao, 2024. "Analysis of influencing factors for housing construction technology in Desakota Village and town communities in China," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-17, December.

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