The Different Factors that Influence the Price of Realty in Two Classic Areas

Chaoyi Ye

doi:10.54097/r1yf3r24

Authors

Chaoyi Ye

DOI:

https://doi.org/10.54097/r1yf3r24

Keywords:

GDP, population, housing prices, economy development.

Abstract

In recent years, the average price of real estate has been higher and higher in China. Different factors may cause the price rise, such as the Consumer Price Index, inflation rate, gross domestic product (GDP), housing price index, and so on. Meanwhile, the prices vary enormously in some different cities. In this paper, it will compare Shanghai and Jinhua to analyze the influence of these important factors. The reason is that the main factor that renders the housing price rise may be different. At the same time, there are some similar factors and different factors. The final result shows that the main reasons that render housing prices in Shanghai increase are the high inflation rate and high GDP. The main reason for the increasing housing price of Jinhua is the high consumer price index. Therefore, it can prove that different city that causes high housing price has different main reasons. Meanwhile, this paper will find the same factors and different factors that render the housing price increases and provide the support of some important theories.

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