Efficiency on the Property Market by DEA Analysis -Based on SEM

This essay explained the reason why the soaring housing prices cannot be controlled ultimately nowadays from the aspect of DEA efficiency. It shows that, although the housing prices in some cities are so high, making the consumers and the merchant has to pay more, but because these areas can also supply more additional output value, it makes the high housing prices deserve the cost. With the general conclusion, it may be not effective in developed areas and it may be not ineffective in undeveloped areas. We also find that there are two extremely different trends in the property market in all the thirty-one different areas all over our country, to be appropriate and reasonable or not, without the intergradations. Furthermore, this essay also put forward some specific suggestions for the better development of the property market in our country currently through the Scale Benefit Analysis and Projection Analysis.