Abstract:
From the perspective of heterogeneity, this paper discusses the different influences of population aging on regional house price. Applying the panel cointegration theory and dynamic panel estimation methods,it comes to the following conclusions: (1) Elderly population has contributed to rising house prices, and there is a contradiction between the high house prices and housing affordability for young people in eastern China. (2) Whether aging of population will lead to future downside risk in the real property market is related to the buying power of rigid demand in the future. (3)We should pay attention to regional housing price bubble, and it is desirable for the policy rule to be forward looking.