Study on the Effect of Population Drain on Housing Price in Shrinking Cities
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DOI: 10.23977/EDEI2020.016
Author(s)
Binyan Bai, Murong Ren
Corresponding Author
Binyan Bai
ABSTRACT
At present, part of the domestic urban population loss is serious, and "shrinking city" has become the focus of scholars. In this paper, 26 shrinking cities with three years net population outflow from 2015 to 2017 are taken as the research object, and a multiple regression model is constructed to explore the impact of population outflow on housing prices. It is found that the scale of net population inflow has no obvious effect on housing price, while the speed of net population inflow has significant negative effect on housing price. Finally, based on the results of empirical analysis, this paper puts forward some policy suggestions on the management of real estate market in shrinking cities.
KEYWORDS
Shrinking cities, Population drain, Urban housing prices, Regression analysis