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2020 | OriginalPaper | Chapter

How Does Urbanization Affect the Real Estate Demand?

Author : Jiening Meng

Published in: IEIS2019

Publisher: Springer Singapore

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Abstract

In order to analyze the mechanism of urbanization on the real estate market in detail, this paper considers the regional nature of the real estate market, constructs a dual logarithmic demand function, analyzes the impact of multidimensional urbanization on the real estate demand. The results show that economic, population and spatial urbanization can all increase the demand for real estate, but its impact mode and degree are different: the incremental effect of population urbanization and the income effect of economic urbanization have the greatest contribution to real estate demand. Apart from the impact of population factors, economic urbanization, especially the increase of per capita income level, is the main driving force for the increase of per capita real estate demand. Spatial urbanization embodied by the agglomeration of urban resources and improvement of infrastructure has a positive effect on real estate demand, and investment in fixed assets other than real estate development has the greatest effect.

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Metadata
Title
How Does Urbanization Affect the Real Estate Demand?
Author
Jiening Meng
Copyright Year
2020
Publisher
Springer Singapore
Book
IEIS2019

Print ISBN: 978-981-15-5659-3

Electronic ISBN: 978-981-15-5660-9

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-981-15-5660-9_45

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