Research on the Impact of Aging on Demand in the Real Estate Market——Analysis based on layered and asymmetric perspectives
A systematic investigation of the impact of population aging on the housing prices is not only conducive for governments to formulate reasonable regulation policies but also helpful for enterprises to formulate specific strategic planning.This paper sorts out the theoretical mechanism of population aging on housing prices,and argues that population aging affects the housing price through purchasing power,consumption transfer and the intergenerational transfer of wealth.Under different conditions,the direction and intensity of population aging s impact on housing prices is different.Based on this,this study combines the panel quantile model and panel threshold model to investigate the stratification effect of population aging on housing and its asymmetric effects under different regimes of housing prices and resident income.Research has found that aging has a significant stratified and asymmetric impact on housing prices.After the income level crosses the threshold,aging can also lead to an increase in demand for housing purchases.The research in this paper provides a new research perspective on the relationship between aging and housing prices,and provides a policy reference for promoting the stable and healthy develop-ment of the real estate market under the new situation of population development.
population agingreal estate product markethousing priceasymmetricstratification
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