Summary: | 碩士 === 佛光大學 === 應用經濟學系 === 105 === In recent years, the real estate market fluctuates with the economy. In fact, individual factors (including convenience of transportation, location, parks, size of house, construction material and floor plan) and overall factor (personal income, interest, growth of population, employment rate, local culture, social influence and government policies) all come into effect of influencing the prices of real estate。
More specifically, interest plays a big role in the behavior of real estate investment. This article aims to collect information relating to the transactions of the real estate market in Taiwan as well to investigate and proof with evidence the relationship between real estate price and interest。
Starting from 2009, the government in order to cut down house prices has introduced many relating policies. Many of these policies are all related to the manipulation of interest. However, the intend to suppress real estate price has not been proven to be effective and past researches are limited in the focus of such matter. Therefore, this article will base its research on the relationship between real estate price and interest. Time of research will be between the second quarter of year 2000 to the fourth quarter of 2016. Research audience will be all cities in Taiwan. Results shown, changes in interest have influenced, Taipei city, Taoyuan City, New Taipei City the most. The other major cities including, Taichuang, Tainan, And Kaoshung, the effect of such is not as obviously seen. In short, Tainan and rest of the country have a positive correlation of interest and change in price of house while New Taipei, Taipei, Taoyuan, Taichung and Kaoshung have negative correlation。
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