Research on the Relationship Between Real Estate Prices and Macroeconomic Conditions

Author: Shen Yue
Publisher:
Publish Date: 2006-12-01
Features: This book is part of the "Tsinghua University Construction Management Series." Based on the experience of international real estate market development and related research findings, it analyzes the long-term changes in real estate prices, establishes a theoretical framework for studying the relationship between real estate prices and macroeconomics, conducts an empirical study on the explanatory power of China's economic fundamentals for residential prices, and further examines the impact of current real estate prices on macroeconomics from the perspectives of spillover effects, cost effects, wealth effects, and investment effects. It proposes policy objectives and specific policy recommendations for effectively managing the relationship between real estate prices and macroeconomics in China. The book combines theoretical and empirical analysis, qualitative and quantitative analysis, with a comprehensive literature review and detailed content. The empirical analysis section features up-to-date data and strong relevance. This book serves as a reference for real estate industry professionals working in government departments, market research institutions, real estate development companies, and economic research departments. It can also be used as a teaching material or textbook for faculty, graduate students, and undergraduate students in real estate economics and macroeconomics at universities and colleges.