The Impact of Construction Costs, Stock Market Conditions and Total Economic Variables on the Price/Rent ratio in Taipei City

• Main Authors: YI,CHIA-YUN, 易加云
• Other Authors: WANG,JIE-SHIUAN
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/bda742

碩士 === 佛光大學 === 應用經濟學系 === 106 === This study explores the impact of Taipei City's home loan interest rates, stock prices, economic growth rates, and Construction Cost index rate of changes from the first quarter of 2009 to the second quarter of 2017. Correlativity research on four variables and rent multiplier. Relevance has been studied and consolidated, and based on the Vector Error Correction Model, the long-term relationship between variables has been observed through a unit root test and cointegration approach. The empirical results show that the increase in mortgage interest rate will cause the rent multiplier to fall, so it is obvious that the impact of the increase in mortgage interest rate on the real estate market is higher than the rental market, and the construction project price index will increase, which will cause the real estate market to suffer a negative impact. The stock market and economic growth rate are significantly correlated and positively affecting the effect, indicating that the increase of the two variables will increase the rent multiplier, and the country's economic development can improve the income and living standards of the Chinese people, allowing funds to be transferred to the real estate market. To promote the development of all walks of life. In order to avoid abnormal fluctuations in housing prices and rent multipliers caused by improper speculation in the real estate market, the government can try to increase the real estate tax rate, the government's policy variables to control economic growth, improve investment demand, and review and improve the property tax system. The quality of living in the rental market, in addition to the purchase of housing concessions, can consider the feasibility of rent subsidies, so that renters can get better care.