Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Series Vol. 49 , 01 December 2023
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Currently, the continuous rise in housing prices in China has brought about social issues regarding housing fairness. Therefore, it is of practical significance to study the influencing factors of China's real estate prices and the effects of these factors. This article first identifies ten variables that have a significant impact on housing prices through analysis, and then conducts empirical analysis separately for the eastern and central-western regions. Based on the correlation and model multicollinearity tests, two corresponding models are established. Subsequently, this article uses a multiple linear regression model for regression and uses a test set to verify the model's effectiveness, conducting quantitative analysis. Combining the analysis results, the factors that have a significant impact on housing prices in the eastern region of China are identified as the sales area of commercial housing, rental prices, and unemployment rates. In the central-western region, the factors with a significant impact on housing prices are disposable income and real estate development costs. Based on these conclusions, this article proposes relevant policy suggestions, which are expected to provide a basis for differentiated macro-control policies by the government.
real estate prices, regional differences, impact effect, multiple linear regression
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The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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