Influencing factors of house price
First, economic factors. Generally speaking, the higher the level of economic development, the faster the economic growth, the more reasonable the industrial structure, the higher the employment rate, income level and investment level, the more fiscal revenue, the better the financial situation, the greater the demand in the real estate market and the higher the overall level of housing prices. On the contrary, the lower the overall level of housing prices.
Second, social factors. Demographic factors include the number, density and structure of the population (such as cultural structure, occupational structure, income level structure, etc.). ); Family factors refer to the number and composition of families. Culture and fashion mainly refer to cultural atmosphere, customs and habits, public psychological trends, etc.
Third, administrative and political factors. Different from economic and social factors, administrative and political factors have a relatively rapid impact on housing prices. If the economic and social factors are gradual, then the administrative and political factors can be said to be abrupt. For example, strengthening macro-control, tightening the scale of investment in fixed assets and tightening monetary policy will reduce local demand for real estate, and house prices will drop rapidly in a relatively short period of time.
Four, the real estate internal factors and surrounding environmental factors. This factor mainly refers to the real estate itself and its surrounding environment, such as the location, area, shape, appearance, orientation, structure, internal pattern, equipment configuration, construction quality, and environmental geology, geomorphology, meteorology, hydrology and environmental pollution.