Research on the Influence of the Mode of Home with Joint Property Rights on the Commercial House Prices Based on Synthetic Control Methods——Taking Huangshi City as An Example

摘要

By the synthetic control method and monthly panel data of 21 cities from March 2008 to December 2014, this paper analyzes the effects of the mode of housing with common property rights and regulation policy on commodity housing prices of Huangshi City and the sensitivity of housing prices to policies. The results show that the effect of the mode of home with joint property rights on the commodity house price of Huangshi City is not significant, which shows that the commodity house price of Huangshi City is less sensitive to the related regulatory policies. Therefore, this paper suggests that the government should establish new special housing management institutions or adjust, improve the responsibilities of the existing housing management institutions, expand the number of applicants for home with common property rights, especially for those who have the prominent contributions to the society, which can be allowed to apply the housing with the joint property rights even if they are in the middle income level, restructure or standardize the existing management system, laws and regulations and set up an effective management system for participating in the construction and management of home with common property rights.