Research on the Relationship Between Regional Vitality and Housing Prices

摘要

Based on qualitative and quantitative analysis of regional vitality, the paper used a vector autoregressive (VAR) model to empirically study the relationship between regional vitality and its housing prices in China from 2014 to 2018, with the statistics from 31 provinces and cities. The research results show that regional vitality and housing prices have certain driving effects to each other which means that people should think more comprehensively about the regional developments before investing local properties. Besides, the government should better guide a smooth and stable development of the housing prices.