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Analysis on Influencing Factors on the Fluctuation of Commercial Housing Prices Based on ECM Model: Taking Changsha as an Example

机译:基于ECM模型的商品房价格波动影响因素分析-以长沙为例

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Based on the data from Changsha real estate market, this study builds a long-term equilibrium model and a short-term error correction model on the fluctuation of Changsha commercial housing prices. It shows that, GDP, urbanization rate, per capita saving and completed area of housing are the main factors on the fluctuation of Changsha commercial housing prices in the long term, while the influence from the factors of total housing investment, sold area of housing and per capita living area are limited. In short term, the fluctuation of Changsha housing prices has no ability of self-revising, and a real estate bubble is building in the whole market.
机译:基于长沙房地产市场数据,本研究建立了长沙市商品房价格波动的长期均衡模型和短期误差修正模型。结果表明,从长远来看,GDP,城镇化率,人均储蓄率和住房竣工面积是影响长沙市商品住房价格波动的主要因素,而住房总投资,住房销售面积和住房销售面积等因素则对其影响较大。人均居住面积有限。短期来看,长沙房价的波动没有自我修正的能力,整个市场正在形成房地产泡沫。

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