代写thesis

加拿大房地产学论文代写:住房需求

加拿大房地产学论文代写:住房需求

需求和供给弹性对于确定住房市场的均衡和相应价格极为重要,因此本节将讨论问题的这些方面。
在住房市场上,走向平衡的运动非常缓慢,这是由于住房需求的非弹性需求和非弹性供给的存在。如果需求规律保持不变,那么对住房需求的增加就会伴随着高昂的房价,反过来价格的上涨也会增加住房供应,以期获得更多的利润。实际情况是,理论很不同,因为有很多的障碍,不让市场增加供应的需求和法律供给和法律是基于这样的假设,在市场上有没有障碍(奥克斯利,2004)。这是房屋建筑所需要的资源也很稀缺因此增加供给以适应需求的变化,很难。古典和新古典派提出的模型也基于没有短期和长期市场调整过程的假设。
关于供求弹性的经验估计没有达成共识。实证研究提供了模糊的估计,主要原因是建模困难。这一领域的主要贡献是由和尚(1999)作出的,其估计表明英国的住房需求弹性约为0.2至1。同样,需求的收入弹性仍然在0.5到2之间。就供应面而言,据估计将在0.15到1.8范围内的Bramley(1993)。斯旺克等人(2002)比较不同国家的价格弹性,得出英国房地产市场更加弹性相比其他国家的市场。荷兰、法国和美国的弹性系数分别为0.45、1.1和1.4。此外,它是平衡被恢复在英国的房地产市场相比,其他县(意味着困难,2005)。

加拿大房地产学论文代写:住房需求

Demand and supply elasticity are extremely important to determine equilibrium and corresponding prices in the housing market therefore this section will discuss these aspects of the problem.
The movements towards equilibrium are very slow in case of housing market and it is due to the existence of inelastic demand and inelastic supply of housing facilities. If the law of demand hold then the increased demand for housing is accompanied with high prices of it and in turn increased prices will tend to increase the supply of housing with a view to enjoy more profits by the suppliers. Practically the situation is much different from that of theory because there are many barriers that do not allow the market to increase the supply and law of demand and law of supply are based on the assumption that there are no barriers in the market (Oxley, 2004).The resources that are needed for house building are also quite scarce so it becomes very difficult to increase the supply to adjust to the changes in demand. The models that were presented by classical and neo-classical were also based on the assumption that there is no short-run and long-run market adjustment processes.
No consensus has been developed regarding empirical estimates of elasticity of supply and demand. Ambiguous estimates are provided by the empirical research and the main reason is difficulty in the modelling. Major contribution in this field is made by Monk (1999) whose estimates indicate that elasticity of housing demand is about 0.2 to 1 in United Kingdom. Similarly income elasticity of demand remains in the range of 0.5 to 2.0. As far as the supply side is concerned it is estimated to be in the range of 0.15 to 1.8 Bramley (1993a). Swank et al (2002) compares the price elasticity across countries and conclude that housing market of United Kingdom is much more inelastic as compared to other country’s markets. The evidence of Netherlands, France and United States can be taken that have the elasticity to be 0.45, 1.1 and 1.4 respectively. Moreover, it is difficult for equilibrium to be restored in the housing markets of United Kingdom as compared to other counties (Meen, 2005).