Research On Restendial Real Estate Bubbles Of Hangzhou

Since the ninetith of last century, because of macroscopical economy circumstance and propping up policy etc ,the residential industry has developed rapidly, with investment, acreage of start working and finish. With the sustaining boom of residential market, the housing price has kept on rising for several years. By the soar of housing price, investment and credit of real estate ,the problem whether the residential market is healthy ,whether bubbles really exist has been the focus of the argument.After 1998, the residential market of Hangzhou has flourished. Housing price jump from RMB 2000 in 1998 to RMB 8000 in 2004,the amplitude of housing price, investment and credit of real estate are all hyper much than countrywide.It is compelling of HANGZHOU PHENOMENON .Hangzhou is the second city that whether real estate bubbles exist in is debated besides Shanghai.This dissertation select Hangzhou where the residential market is typical as object to research real estate bubbles.Text start with the correlative theory of real estate bubbles, based on useing for reference to overseas and domestic correlative production and experience, text take apart characteristic of real estate and harm of real estate bubbles , then cause of formation are recommend . Secondly, the present situation and operating condition of residential market is analyzed from supply and requirement .To know clearlier, value guide line of real estate bubbles are analysed and summaried, and whether the bubbles is existed and degree are revealed by combining the methods of qualitative analysis and quantitative analysis. Finally, some counter-measures finance, revenue , administration etc ,that government should take are put forward, so that the bubbles can't swell more. It is significative for this text to make the residential industry develop more healthily.