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This thesis uses the difference test including two-sample t test and Mann Whitney U test, and the multivariate regression model to examine whether the government’s real estate control policies have a significant impact on the real estate market. The observed variables in the real estate market include the Cathay real estate index, residential price index, transaction volume index, house price-to-income ratio and bargaining rate. The empirical results are summarized as follows:
Regardless of the impact on the real estate market in the whole country and six capitals, the empirical results of the difference test and regression analysis show that during the implementation of the government’s real estate control policies, the Cathay real estate index, the residential price index and the house price-to-income ratio still show an upward trend. Also, the bargaining space rate shows a shrinking situation. Overall, the government’s real estate control policies seem to have limited effect on the changes in the real estate market across the country and in the six capitals during the implementation period.
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