House price (real estate price) refers to the market value of buildings and their occupied land in a specific period, that is, house price = land price+floor price, which is the most important adjustment mechanism for real estate economic operation and resource allocation. The price positioning of house prices is composed of many factors, which may go up or down.

The main factors affecting housing prices are:

1. Economic factors. The main factors affecting housing prices are the economic development level, economic growth, industrial structure, employment, residents' income level, investment level, financial revenue and expenditure and financial situation of a country, region or city. These factors will affect the overall supply and demand of the real estate market, especially the demand.

2. Social factors. Social factors affecting housing prices include population, family, city formation history, urbanization, social security, culture and fashion. Among them, 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.

3. Administrative and political factors. Administrative factors mainly include some systems, regulations, policies and administrative measures of the state or local government in finance, taxation, finance, land, housing, urban planning and construction, traffic safety and social security. Political factors mainly refer to the degree of political stability and the political and military relations between countries. Administrative and political factors are reflected in the state machine, so its impact on housing prices is also very prominent.

4. The internal factors of real estate and surrounding environmental factors mainly refer to the situation of real estate itself and its surrounding environment, such as the location, area, shape, appearance, orientation, structure, internal pattern, equipment configuration, construction quality, geological, geomorphological, meteorological, hydrological and environmental pollution of the environment. First of all, the internal factors of real estate itself play an important role in restricting the production cost and utility of real estate, thus affecting the price of real estate.

Tips: The above contents are for reference only.

Reply time: 2021-11-30. Please refer to the latest business changes announced by Ping An Bank in official website.