Study on the Impact of Population Aging on Real Estate Market: Taking Liaoning Province as an Example
Publication: ICCREM 2022
ABSTRACT
To study the impact of population aging on real estate market, this paper takes Liaoning Province as an example to carry out research. Firstly, the current characteristics of population aging in the study area are analyzed from the perspective of age structure change. Secondly, entropy weight method and time-series comprehensive evaluation method are used to evaluate the level of real estate market development in the province and 14 cities from 2010 to 2019. Finally, an empirical study on the impact of population aging on real estate market development is conducted using a multiple linear regression econometric model. The results show that population aging has an overall inhibitory effect on the development of real estate market in Liaoning Province. It has a positive effect on the development of real estate market in Shenyang and Dalian; an insignificant effect on the cities of Jinzhou, Liaoyang, and Fushun; and a significant negative effect on the cities of Anshan and Tieling. These findings have important implications for the government and real estate companies in dealing with aging population and promoting development of real estate market.
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ICCREM 2022
Pages: 554 - 562
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Published online: Dec 15, 2022
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