{"title":"Population shrinkage and its influence on housing prices: A mediation perspective based on commercial amenities","authors":"","doi":"10.1016/j.habitatint.2024.103151","DOIUrl":null,"url":null,"abstract":"<div><p>The effects of population shrinkage have become a new topic of concern. Existing research has explored the effects of population shrinkage on housing prices within specific cities, yet due to scale variations, the effects of population shrinkage on housing prices may exhibit uncertainty, are conclusions drawn at the micro level applicable to the macro level? Currently, there is limited exploration of the collective effects of micro mechanisms of population shrinkage on housing prices. In this paper, we outline the effects of population shrinkage on housing prices at both macro and micro levels. Subsequently, we propose to explore the general effects of population shrinkage on housing prices based on commercial amenities. Specifically, we analyze the spatial patterns and characteristics of population shrinkage and housing prices in 1235 Chinese shrinking counties. Furthermore, using partial least squares structural equation modeling (PLS-SEM), we examine how commercial amenities mediate the relationship between population shrinkage and housing prices. This study contributes theoretically and empirically to understanding the impact of population shrinkage on housing prices, while also holds practical significance for regulating the effects of population shrinkage and stabilizing the value of real estate markets from the perspective of commercial amenities.</p></div>","PeriodicalId":48376,"journal":{"name":"Habitat International","volume":null,"pages":null},"PeriodicalIF":6.5000,"publicationDate":"2024-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Habitat International","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0197397524001516","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"DEVELOPMENT STUDIES","Score":null,"Total":0}
引用次数: 0
Abstract
The effects of population shrinkage have become a new topic of concern. Existing research has explored the effects of population shrinkage on housing prices within specific cities, yet due to scale variations, the effects of population shrinkage on housing prices may exhibit uncertainty, are conclusions drawn at the micro level applicable to the macro level? Currently, there is limited exploration of the collective effects of micro mechanisms of population shrinkage on housing prices. In this paper, we outline the effects of population shrinkage on housing prices at both macro and micro levels. Subsequently, we propose to explore the general effects of population shrinkage on housing prices based on commercial amenities. Specifically, we analyze the spatial patterns and characteristics of population shrinkage and housing prices in 1235 Chinese shrinking counties. Furthermore, using partial least squares structural equation modeling (PLS-SEM), we examine how commercial amenities mediate the relationship between population shrinkage and housing prices. This study contributes theoretically and empirically to understanding the impact of population shrinkage on housing prices, while also holds practical significance for regulating the effects of population shrinkage and stabilizing the value of real estate markets from the perspective of commercial amenities.
期刊介绍：
Habitat International is dedicated to the study of urban and rural human settlements: their planning, design, production and management. Its main focus is on urbanisation in its broadest sense in the developing world. However, increasingly the interrelationships and linkages between cities and towns in the developing and developed worlds are becoming apparent and solutions to the problems that result are urgently required. The economic, social, technological and political systems of the world are intertwined and changes in one region almost always affect other regions.
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