Foreign investment on China's Midwest Real Estate Prices
|School||Huazhong University of Science and Technology|
|Keywords||Foreign investment Midwest Real Estate Market Real estate prices|
Real estate is a pillar of economic development one of the industries , in 1998 China's implementation of housing reform , the real estate development and investment in fixed assets investment in the proportion rising . With China's accession to the WTO , the real estate industry also open the door to foreign investors , foreign investment into the real estate growth has not be ignored. After 2006 the central government issued a series of policy advice , aimed at curbing the rapid growth of foreign investment momentum in the real estate industry . After a period of waiting to see foreign investment after the change in the direction of its investment from Beijing , Shanghai , Shenzhen and other major cities in countries strictly limit the appreciation potential of turning the Midwest and national restrictions have relatively liberal capital city . This paper reviews the different foreign capital into China real estate development stage of the country 's evolving foreign policy , and then introduced foreign capital into China's real estate market channels , features , and carried out the Midwest and eastern investment real estate market , prices and price earnings ratio contrast , analysis of foreign capital into the real estate market in the Midwest as well as the reasons for foreign investment into the real estate market to the impact of the Midwest . The use of 10 Midwestern capital city on real estate for 2001 - 2008 panel data econometric tests , empirical analysis of foreign investment , population size, land prices , construction costs, per capita income and GDP of the Midwest real estate prices impact of foreign capital inflows and draw real estate prices has some positive correlation , although not affecting the main reason for rising prices , but the rise in prices has played a catalytic role. According to empirical results for the current real estate market in central and western China to foreign investment regulatory problems , put forward the corresponding policy recommendations.