Driving Mechanisms of Housing Price Surges in the Yangtze River Delta Economic Zone

Abstract

The real estate industry is one of China's most vital economic sectors, and its significance is self-evident. As one of the country's key economic hubs, the Yangtze River Delta Economic Belt has long been a focal point for economic research, with housing prices being a major area of public concern. However, in recent years, soaring housing prices have triggered panic buying and speculative selling, leading to an increasingly unstable market environment. This paper takes the Yangtze River Delta as a case study and explores the driving mechanisms behind surging housing prices from multiple perspectives, The real estate market is governed by a complex interplay of factors including supply and demand dynamics, macroeconomic conditions, policy interventions, market expectations, regional development, socio-cultural trends, external shocks, industry competition, legal regulations, and technological innovation