The Research Of China's Urban Land Prices And Housing Prices

Since the 1998 implementation of real estate, the rapid development of China's real estate has greatly improved the living conditions of residents in China. However, the real estate prices in China growled quickly, and are becoming the government and the general public the focus of attention. Although the Chinese government has promulgated a series of policies to try to curb excessive real estate prices, but did not achieve the desired policy objectives. On the basis of in-depth study of the relationship between urban land prices and housing prices, The papers study the mystery of China's urban high land prices and high housing prices and put it to the appropriate policy recommendations.The full text is divided into five chapters.Chapter 1, Introduction. First of all, the papers focus on the background and significance, and then review the existing research. On this basis, introducing the study of the purpose of the study, research, research methods, techniques and possible routes of innovation and inadequate.Chapter 2, Land prices and housing prices between the studies: theoretical analysis. The first chapter of real estate and other basic concepts defined, on the basis of this, build a four-quadrant theoretical model. The papers use the model to study the impacts of urban housing supply and demand changes to housing prices and land price and the impacts of urban land supply and demand changes to land prices and housing price. Housing demand and housing supply determine housing prices. Land demand and land supply determine land prices. Real estate needs of the construction on the land; this caused the demand for land, the relation of house and land made interaction of land and housing prices become possible. The effects of housing prices to land prices mainly through real estate demand and supply effects of changes in prices, thus affecting land prices. The effects of land prices to housing prices mainly through land demand and supply effects of changes in prices, thus affecting housing prices.Chapter 3, China's high land prices and high house prices mystery: an economic explanation. In this chapter on the basis of describing China's high housing prices and high land prices and the reviewing of China's real estate policies and land policies, using the four-quadrant model. The papers analyze China's high housing prices and the causes of high land prices. China's high housing prices stems from stimulating demand, promote the supply, housing is not fully competitive. China's high land prices from stimulating demand for land, promoting the supply. China's high land prices and high house prices have certain relevance. Premises strong demand stimulated the demand for land, so, land prices rise. Land prices raise increased real estate costs, so, housing prices rise. However, China's high housing prices is not entirely from high land prices, high land prices in China without fully from the high prices.Chapter 4, Different supplying ways for the land, the impact of price changes. First analysis of different ways of how land formation and the impact on housing prices, on the basis of this, exploring different ways for the social welfare changes. In the land transfer agreement and to determine ways to sell the premium is often less than market prices, property prices are also lower than the balance of market mechanisms under the equilibrium price. Signs linked to the land transfer mode, the introduction of a mechanism of competition, making the price of land can be fully realized and promote competition among real estate enterprises and reduce the real estate market monopoly. Agreement for the land policy and measures linked to shoot for the policy compared to the total social welfare surplus is less than the latter, the increase in consumer surplus, but the producer surplus to be reduced. So, in relation to land tender auction listing for policy, the agreement for the policy to get the benefits of real estate developers, but it is the entire socio-economic benefits at the cost of the loss.