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Study on Influencing Factors of Rebuilding Vacant Housing Into Long-Rent Apartments in Urban Areas

In: Proceedings of the 24th International Symposium on Advancement of Construction Management and Real Estate

Author

Listed:
  • Huanhuan Mu

    (Chongqing Jiaotong University)

  • Yiqi Lee

    (Chongqing Jiaotong University)

  • Jiaying Peng

    (Chongqing Jiaotong University)

Abstract

In recent years, housing price has increased rapidly in first and second-tier cities, and the pressure of buying houses has doubled. Therefore, renting apartments has become the inevitable trend in the real estate market. Developing long-Rent apartments by utilizing the stock of vacant hosing in urban areas has become a crucial strategy for Real estate agencies. By analyzing the status quo of vacant housing and long-rented apartments, this paper constructs a system dynamic model for the transformation of vacant Housing into long-rented apartments, and deeply analyzes the causal feedback relationship between the influencing factors of the transformation of vacant Housing into long-rented apartments, introduces the main factor regulating variables, and carries out simulation experiments. Finally, based on the influence factors and simulation results of the conversion between the two, relevant suggestions are put forward for the transformation of vacant housing into long-rented apartments.

Suggested Citation

  • Huanhuan Mu & Yiqi Lee & Jiaying Peng, 2021. "Study on Influencing Factors of Rebuilding Vacant Housing Into Long-Rent Apartments in Urban Areas," Springer Books, in: Gui Ye & Hongping Yuan & Jian Zuo (ed.), Proceedings of the 24th International Symposium on Advancement of Construction Management and Real Estate, pages 543-552, Springer.
    • Handle: RePEc:spr:sprchp:978-981-15-8892-1_38
    DOI: 10.1007/978-981-15-8892-1_38
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