What are the factors that affect house prices?

There are many factors that determine house prices. The six factors that affect house prices are as follows:

1, political factors

Political factors affecting housing prices include: war, turmoil, major changes in government institutions or the introduction of major political policies.

2. Economic factors

The economic factors that affect house prices include:

(1) Economic growth rate: With rapid economic growth, residents' income increases correspondingly, purchasing power increases and house prices rise; On the contrary, it will make house prices fall.

(2) Price, wage and employment level: Price changes lead to changes in monetary value and affect house prices. Because of the preservation and appreciation of real estate, the price increase will be even greater when the general price rises; With the improvement of wages and employment level and the increase of residents' income, house prices will rise, and vice versa.

3. Savings rate: the increase in savings rate means that the purchasing power of residents will increase and house prices will rise accordingly; On the contrary, house prices will fall.

(4) Financial and financial conditions: Financial and financial conditions reflect the economic conditions of a city or region and directly affect housing prices. Poor financial situation will lead to the decline of government purchasing power, and the deterioration of financial situation will lead to the tightening of monetary policy, both of which will reduce the demand and price of housing.

⑤ Interest rate: Higher bank interest rate will increase the financing cost of buyers and sellers, inhibit the transaction behavior of houses, and lead to the decline of house prices; Lower bank interest rate will play an incentive role for residential investors, which is conducive to the rise of housing market prices and market prosperity.

⑥ Land price: Land with limited resources is the "raw material" of housing, and the fluctuation of house price is closely related to the fluctuation of land price.

3. Administrative factors

The administrative factors that affect housing prices include:

(1) Land use planning and supply control: the use of land is decided by the government planning and management department, and the plot ratio of land use has a great influence on the land cost of unilateral houses; The government usually controls the amount of land entering the market through the land transfer plan, thus affecting the supply and price of the residential market.

② Real estate tax system: deed tax, property tax, land value-added tax, etc. Affect the increase or decrease of residential transaction volume, lower tax rate will encourage transactions, and residential prices will rise; or vice versa, Dallas to the auditorium

(3) Housing policy: The national housing policy greatly affects the price of the housing market. The long-term welfare housing distribution system in China leads to the narrow space of commercial housing market, and the purchasing power of residents is out of touch with the market price of commercial housing; 1998 to stop the traditional residential physical distribution system will certainly promote the increase of individual residents' demand for commercial housing.

(4) Policies and regulations: The restrictive or encouraging policies of the government on residential development or transaction have a great influence on the housing market price.

⑤. Urban planning: Urban planning will be partially or comprehensively adjusted with economic development and population growth. If new developable areas are added or the old urban areas are allowed to be rebuilt, it will be beneficial to the development of the housing market.

6. Public * * * construction: the improvement of traffic conditions will increase land prices, which in turn will drive up house prices; The construction of public facilities such as electricity, water supply and drainage, gas, heat and telecommunications all have an important impact on housing prices.

4. Social factors

Social factors affecting housing prices include:

1. Population status: In areas with high population growth rate or concentrated population, there is a large potential housing demand, which is conducive to the upward adjustment of housing prices.

② Family structure: The increase of nuclear families, the decrease of compound families and the increase of divorce rate will increase the number of families, which will lead to a significant increase in housing demand and become an important driving factor for the rise of urban housing prices.

(3) Social welfare: Social welfare will affect social living standards, and then affect housing prices. If housing also becomes a welfare product, demand will decrease and house prices will tend to be flat.

④ Community environment: Good community environment and harmonious neighborhood relations can promote the rise of house prices.

5. Natural factors

Natural factors affecting house prices include:

① Lot: the property of the lot. It is often said that successful real estate development depends on lots, lots or lots. This sentence shows that residential development projects are extremely sensitive to land location.

In areas with good location, developed industry and commerce, convenient transportation and concentrated population, housing prices are higher; In urban planning, there are core areas such as life, commerce and production. The farther away from this area, the lower the house price.

② Area: The scale of residential development projects affects the scale benefit of residential development. Moderate scale of residential development is conducive to reducing development costs, thus reducing housing prices.

3. Surrounding natural environment: A good natural environment is conducive to raising house prices.

Perfection of municipal facilities and public facilities: Perfect municipal facilities and public facilities can greatly improve the quality of life of residents, which is also conducive to the rise of housing prices.

6. Other factors

Other factors, such as architectural style and appearance, design level, equipment condition, construction quality, etc., also have a great influence on housing prices. Generally speaking, several factors will be considered when setting house prices:

The first is the market, which is also the most important factor; Second, product quality and supporting facilities, decoration, etc.; The third is the cost; The fourth is to take into account the competition of surrounding real estate and the relationship between supply and demand.

Response time: 2021-11-19. Please refer to the latest business changes announced by Ping An Bank in official website.