打通关投资学论文

2021年1月22日发(作者：cjf)
西南财经大学








《投资学》论文




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班




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学




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2012
年
5
月






Real estate market analysis
一、
Price of Real estate trend analysis
Graph 1: Charting of real estate market

We can see from the graph, Chinese real estate has been rising all the way. In the
era of commerical economy, Chinese housing supplying is less than demand,
admittedly, this is the direct reason lead to rising of housing price. In supply, first, the
land is non-renewable resources, our country have a big population, land for housing
is very limited in every cities. Second, the governments at all levels saling the house
by auction which improve housing prices virtually. Third, with inflation, cost of
building house is raised. From the demand side, on the one hand, Chinese population
has exceeded 1.3 billion, this is a rigid demand of housing. On the other hand,
speculators see the opportunity in the real estate market, with the inflation continuing,
people are more willing to put the money for investment, this making the real estate
market stressing.

2005, wealthes continue to put money into the real estate market to earn more
money, and poors still ,goverment change the control policy to
supply and reduce demand
of macroeconomic control to restrain bubble economy.


二、
The government's macroeconomic regulation to control the real estate price
increase


In 2006,because of the policy before is not reasonable, small and medium- sized
housing ratio by declining, speculators to high grade large family housing preferences,
housing prices rise deformity. 2005 unreasonable supply structure phenomenon not be
suppressed, Beijing, Shanghai, Guangzhou and other major cities house prices soared,
which drive the national house prices increase of the 27, the central bank
raised lending rates of each level 0.27%, increasing interest rates is inhibit speculation,
stable prices. may, nine departments develop
《关于调整住房供应结构稳定住房价
格的意见》

clearly requirements in various cities announced common commerical
house, economy applicable room and low-cost housing construction goal before the
end of September, proposed the
residential ratio must be achieve 70% in development area). It means that
macroeconomic policy pay more attantion on the real estate of social life, housing
structure and the housing price control, solving the housing problem in the
low-income families
’ priority.


In
2007,
the
Ministry
of
Land
and
Resources
increase
land
regulation,
the
tax
control
as
the
main
means,
change
the
pay
of
land
value
added
tax
of
real
estate
enterprise
to

increase the
tax burden of
large
family
model, and
increase
the
security
of
poors,
inhibit
the

August,
return
to
security,
housing
problem
is
an
important
problem
of
the
livelihood
of
the
people,
the
party
central committee and the State Council
Attaches
has
great
importance to solving
the
housing problem. Just a half year time the central bank raised interest rates five times,
to
restrain
the
inflation
.In
September,
the
central
bank
issued
new
policies
that
purchase
second
housing
ratio
shall
not
be
less
than
50%,
strictly
management
of

development
loans
,
real
estate
development
loans
,
land
reserve
loans
and
commercial housing purchase loan and so 2007 the central bank to raise deposit
reserve
nine
times,
finally
produced
results,
the
fast
growth
of
the
real
estate
economics comes to a slow down trend.

In 2008, continuing to through the land distribution, fiscal policy control the
prices. January 15, raising financial institutions RMB deposit reserve rate 0.5%.It
already rise to 15% and creating Chinese history since 1984, clear release the tight
monetary policy signals. May 30, the land again valve tight,set the commerical
residential house development should not over three years; and keeping the land away
will be severely punish, enterprise buy room for individual need to impose individual
income tax, small property will not get the homestead certificates and any other
policies to achieve the low-rent housing guarantee to 3.5 million households. Due to
the influence of the

World Financial Crisis, Chinese real estate bubble economy
obvious, in late 2008 the central bank decrease RMB deposit reserve rate and the
benchmark of lending rates, and a series of new policies to support real estate, prevent
the real estate market atrophy too fast. November 10, goverment release four trillion
to stimulating consumption ,China come into the second round of inflation.

At the beginning of 2009, Banks have issued that superior customer should