Study On The Relationship Between House Prices And Land Price In The Real Estate Market-an Evidence From ShanDong Province

The study of land price and house price indexes have an important meaning not only to analysis and evaluate the real estate market operation, but also to directly or indirectly affect the orderly development of the real estate market to a certain extent. This paper adopts the method of combining qualitative analysis and quantitative analysis, static analysis and dynamic analysis, normative analysis and empirical analysis to research the relationship between land price and house price in Shandong province.This paper take the land price and house price of real estate market in Shandong province as the research object, on the basis of research achievements of home and abroad, the perspective of selecting house prices and housing land price for data index which are closely related to resident life is novel and has specific aim, it has certain innovation in data index selection; Choose Shandong housing price index and housing land price index can reduce the impaction of regional diversity to a certain extent, and make the study more accurate. This paper attempts take some improvement from theoretical derivate, data collect, and method inspect to clarify house price and land price relationship of theoretical contexts, and collects more reliable and convincing data, combined with the actual situation of Shandong province to study policy recommendations to promote the healthy development of real estate market in-depth. Through this topic research, we can have a clearer understanding on Shandong real estate market and the land relationship between Shandong province house price and land price. It is important to correctly understand and deal with the relationship between the land price and house price and promote the real estate market in Shandong province and the socioeconomic to coordinately develop, and has certain theoretical value for the further study in the field.Land price has no impact on house price when the lag time is two periods. From real estate price formation consideration, have land price first, finally formed real estate prices through a construction period. The land price of residential lagged 1 period effects the house price inconspicuously, it is because real estate construction process requires a period of time, a land as the cost factors to real estate needs certain time to show the influence to house price. Except 2 periods lagged, when lag for 1-6 periods, the house price of residential effects housing land prices of residential conspicuously, while, housing land price of residential effects house price of residential inconspicuously, which means high house price is the Granger to housing land price.House price and land price interact, promote each other, which has formed a vicious cycle objectively.High house prices is the important reason to high land prices, house prices due to the joint action of real estate market supply, demand and the first period of land price,control house prices and land prices, while maintaining the consistency of the policies, we can make house prices and the land prices return rationality in a certain period. In addition, as soon as possible to promote the reform of land system, fiscal and taxation systems, for example, increasing houses holding costs, collecting the property tax timely, collecting real estate resources tax levied on idle, construction of affordable house and so on can effectively restrain Intentionally push the high prices behavior, avoid overheating in housing prices in long-term, promoting the healthy and stable development of the real estate market, realizing the people live in a comfortable society.