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A Study on the Impact of E-Commerce on the Innovation of Online Transaction Models in Real Estate Markets

By: Jun Hang 1,2
1College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, Jiangsu, 211106, China
2School of Innovation and Entrepreneurship, Jiangsu Maritime Institute, Nanjing, Jiangsu, 211170, China

Abstract

With the rapid development of the Internet and e-commerce technology, the traditional real estate transaction mode is experiencing unprecedented changes. This study explores the impact of e-commerce development on the innovation of online transaction mode in real estate market through fuzzy hierarchical analysis and multiple regression analysis. It is found that the development of e-commerce significantly promotes the innovation of real estate transaction mode, and this effect shows a significant positive effect at different innovation levels. Specifically, for every 1% increase in the level of e-commerce development, the level of real estate transaction model innovation increases by 0.122%. In addition, factors such as the level of economic development, per capita income and industrial structure also play a positive role in promoting real estate transaction model innovation. By analyzing the data of a region from 2015-2024, the results show that the online transaction mode innovation in the real estate market has shown a rising trend year by year, indicating that the extensive application of e-commerce in this field has had a far-reaching impact. The conclusion further emphasizes the importance of the integration of e-commerce and the real estate market, and provides recommendations for real estate companies to strengthen e-commerce.