Font Size: a A A

The Institutional Factors Analysis Of Real Estate Price Soar In Recent Years In China

Posted on:2007-09-22Degree:MasterType:Thesis
Country:ChinaCandidate:W LiFull Text:PDF
GTID:2179360182998629Subject:Political economy
Abstract/Summary:
Chinese housing industry development has been complicated during the fifty years since the establishment of the People's Republic of China. Before the Reform and Opening–Up policy, housing is welfare product basically, its property belongs to the state, it hasn't commodity attribution, the result of performing the real estate system that doesn't accord with the Chinese conditions gives the country and companies a heavy load, and the insufficient input causes that the house building can not satisfy citizen living demands. After Reform and Opening-Up policy, step by step China resumes commodity attribution of real estate during the continuous explorations, housing started to trade in the market, the quantity of the transaction increases very quickly, there is enormous development space in the real estate industry. However, because of the lateness of commercializing the Chinese real estate and continuous development of its social and market environment, the problems existing in the shaping system of Chinese real estate are appearing gradually with the economic development.The paper sets about from the institute factors of influencing real estate price, conducts analysis and research in its increasing with the relative theory of new institute economics and advocates corresponding policy suggestions.The paper is divided into four parts besides the preface. The first part, it is the comprehensive analysis of relative documents. The second part, it analyzes the tendency and the existing problems in Chinese real estate price this year. The third part, it analyzes the reasons for the increasing of the Chinese real estate price. The forth part, it advocates the policy suggestions. Lastly, the writer thinks although available real estate policy and regulation can alleviate housing contradiction of demand and supply, Chinese healthy and stable development of real estate industry can be solved not only through its institute innovation, but also though continuous development of the whole economic,legal and informational system.
Keywords/Search Tags:Real estate price, Institution, Cost of the trade, Property rights, Information dissymmetry
Related items