Study On China Real Estate Controlling Policy In Recent Years

Real estate is different from common goods. It acts as not only a kind of consumer goods, but also an investment product. As an investment product, it has the dual characteristics: preservation & appreciation and delusive bubbles. When the real estate price departs from its foundation value seriously, together with some impact factors such as rate's and revenue's going up or down, the bubbles will appear and shatter immediately. If the government can not carry out a macro-control in time or the degree of macro-control is not proper, it will not only upsets the real estate market but also possibly deteriorates the whole economy. So, by carrying out the effective macro-control to the real estate market we can avoid "bubble economy", which has happened in some countries where the real estate disobeys the impersonal regulation.The real estate price increases rapidly in recent years in our country. Not only the amplitude but also the average price hit the highest level in history. The authority has introduced a series of macro-control measurements. However these don't seem to meet their expectation. The real estate price continues to rise significantly. What kind of measure the government should take next calls everyone's attention.Dispute and polemic appears because of the difference in analysing angle and standpoint. This has aroused author's interest and the sense of responsibility.In the introduction, this thesis describes the research background and significance, related studies, the state quo of research and the methods and frame of the paper. Chapter one introduces the necessity of macro-control, the contents, and the whole system of macro-control; Chapter two introduces the controversies about the reasons of the sky-high real estate price, and makes a comment on it, then explores the main reasons, which involves land policy, local government's interests, liquidity surplus, low interest rate, the defect of prepayment, and the imbalance of Demand-Supply structure. Chapter three reflects macro-control policies concerning real estate and their results in recent years. In Chapter four, the author put forward some corresponding suggestion based on the analysis above. This research has important realistic meaning. It provides a theory basis of further macro-control on real estate market, which is based on a full analysis of the present policies. However the thesis carries out qualitative analysis only in theory; it needs to be perfected further in practical examination.