Open AccessFactors Affecting Real Estate Prices – Evidence From Macroeconomic Data In Vietnam
Author(s) -
Nguyen Thi Hoang Yen,
Nguyen Thanh Hung,
Le Doan Minh Duc,
Vo Hoang Ngoc Thuy,
Ngo Thi My Thuy
Publication year - 2020
Publication title -
xi'nan jiaotong daxue xuebao
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 21
ISSN - 0258-2724
DOI - 10.35741/issn.0258-2724.55.4.65
Subject(s) - real estate , economics , cost approach , capitalization rate , real estate investment trust , inflation (cosmology) , price index , quarter (canadian coin) , index (typography) , commodity , money supply , monetary economics , interest rate , financial economics , macroeconomics , finance , history , physics , archaeology , theoretical physics , world wide web , computer science
The real estate market is important in socio-economic life and is even more important for countries with open, transition, and developing economies like Vietnam. The price of real estate is an important factor in the market and is affected by many macroeconomic factors. Using quarterly data from the first quarter of 2005 to the fourth quarter of 2018, the authors construct realistic test pattern matching purposes, requires analysis and possibility of possible sources of data collected in Vietnam on the relationship between real estate price index and factors of economic growth, inflation, money supply and average long-term lending rate in the market. Experimental results demonstrate that these macroeconomic factors have a significant impact on real estate prices in Vietnam. From here, the article provides macroeconomic policy implications for the State of Vietnam in stabilizing real estate commodity prices in particular and developing the real estate market in general.