Analysis of influence factors of real estate price based on DEMATEL approach

Abstract

With the rapid development of real estate industry in China, more and more people from all walks of life have started to pay attention to real estate prices. According to scholars of research data on real estate prices, we screen out seven relevant factors which affect the real estate prices. We use DEMATEL method to analyze cause and effect relation among these influence factors and find out the main factors which affect real estate prices, including supply and demand situation, oneself condition and population factors. We expect to provide scientific basis for the government in the real estate industry to achieve effective of macro-control and management, and provide technical support for the investment decisions of the enterprise and the home buyers. © 2011 Springer-Verlag Berlin Heidelberg.