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What are the most important factors that influence the changes in London Real Estate Prices? How to quantify them?

Journal of Economics Bibliography

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Title What are the most important factors that influence the changes in London Real Estate Prices? How to quantify them?
 
Creator GU, Yiyang;

MSc Smart Cities and Urban Analytics

The Bartlett Centre for Advanced Spatial Analysis
 
Subject Real estate market; Real estate price.
L85; R30; R33.
 
Description Abstract. In recent years, real estate industry has captured government and public attention around the world. The factors influencing the prices of real estate are diversified and complex. However, due to the limitations and one-sidedness of their respective views, they did not provide enough theoretical basis for the fluctuation of house price and its influential factors. The purpose of this paper is to build a housing price model to make the scientific and objective analysis of London's real estate market trends from the year 1996 to 2016 and proposes some countermeasures to reasonably control house prices.  Specifically, the paper analyzes eight factors which affect the house prices from two aspects: housing supply and demand and find out the factor which is of vital importance to the increase of housing price per square meter. The problem of a high level of multicollinearity between them is solved by using principal components analysis.Keywords. Real estate market, Real estate price.JEL. L85, R30, R33.
 
Publisher Journal of Economics Bibliography
 
Contributor —
 
Date 2018-03-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEB/article/view/1609
10.1453/jeb.v5i1.1609
 
Source Journal of Economics Bibliography; Vol 5, No 1 (2018): March; 18-24
2149-2387
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEB/article/view/1609/1571
 
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