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An Empirical Research on Influencing Factors of Shenzhen City’s Housing Rent

Author: CaoWenCong
Tutor: ZhangWeiJia
School: Jinan University
Course: National Economics
Keywords: Rent Housing price Granger’s causality Vacancy
CLC: F293.3
Type: Master's thesis
Year: 2008
Downloads: 379
Quote: 5
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Abstract


Leasing market is an important part of real estate market. And as the increase of the housing demand and price, house renting becomes one of the main ways to solve the living problem. So focusing on Shenzhen city, this paper is an empirical research on influencing factors of housing rent.Basing on the former studies on housing rent, this paper uses relative mathematical models and economic statistics to do the empirical research. Fist, to the differences on relation between housing price and rent, this paper uses Granger’s causality analysis model to do analysis, and find out that Shenzhen’s housing rent changes increase the housing price in the middle term, which is a creative point of this paper; Second, this paper makes regression analysis on the influencing factors (housing vacancy, population, income, inflation, housing price) of housing rent respectively, and constructs a two-factor regression model for comprehensive analysis, which is the another creative point of this paper; At last, this paper makes deeper analysis on the empirical results, and draws a conclusion that not the traditional theories on relation of housing price and rent, but the housing vacancy theory and leasing demand theory, are conform to the Shenzhen’s reality. And some suggestions are given correspondingly, in aspect of making a closer relation of selling market and leasing market of housing , improving the statistics and administration of housing vacancy, improving the administration of floating population, making more effort to solve the living problem of people earning a low or medium income, enforcing and improving the financial measures of leasing market of housing, promoting balanced development of the regional leasing market of housing, going on improving the administration of laws and regulations of leasing market of housing and so on.

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CLC: > Economic > Economic planning and management > Urban and municipal economy > Urban Economics and Management > The real estate economy
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