Abstract
With the start of construction of the Hainan Free Trade Port in 2018, Hainan has gradually become a new focus area. Haikou City, as the capital city of Hainan Province, has also begun to be paid more and more attention. Therefore, based on the relevant economic data of Haikou City from 2011 to 2021 and the grey correlation analysis and GM (1,1) prediction model, this paper investigates the variables that affect the cost of real estate in Haikou City and produces projections. According to the analysis, the real estate price in Haikou City is mainly affected by the number of deposits of financial institutions at the final year among the selected variables. Besides the real estate price in this area will have a relatively obvious growth in the next ten years. Considering the outcomes above, this study provides the government with reasonable control over the real estate industry by controlling the year-end deposit balance of financial institutions, an important indicator, and at the same time gives investors suggestions on long-term investment and holding of real estate-related products in Haikou City. These results can give relevant suggestions to Haikou City government and real estate investors, which also shed light on offering some suggestions for the study of new areas.
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