An Empirical Analysis on the Influence Factors of the Real Estate Prices in China

Abstract

The influence factors of prices in the real estate are studied using the panel data of China. By using the theories of econometric and regression model, the article has carried on empirical analysis. The result shows that policy effect is limited to raise interest rates to stabilize the real estate market, and GDP has great impact on real estate prices, but CPI has little impact on real estate prices. Harmonious application of fiscal policy and monetary policy is put forward to regulate the price of real estate, and regulation needs various policy and economic means.