| In many countries and regions, the real estate industry has become one of the important pillars of economic prosperity. It plays a decisive role in the national economy development and makes a significant contribution to improve the living standards of residents, to increase employment and to stimulate consumption, etc. We must face up to is that the impact to the global financial by the U.S. "sub-loan crisis"is increasing, With financial whirlwind attacking, there is no doubt that it will make China's economic situation even worse. Then in the current situation of financial crisis, China's real estate industry will go from here? What kind of impact will be? How China's real estate business development for the current situation to develop coping strategies?This article is based on the economic background, selecting the real estate industry and the economy to meet the point that is real estate prices as the research object, research and analysis of the factors that affect price changes.First of all, this article researches demands and supplies curve of the real estate market .demand curve uses two methords of cardinal utility and ordinal utility respectively.The results show a tilt of the curve of the lower right corner.The performance of the supply curve by the reasoning for a tilt at the top right of the curve. Real estate prices is the long-term equilibrium price by equilibring the demand and supply curve.Secondly, it analysis the factors which are affecting the changes from selecting the demand and supply . The analysis of demand and supply are combined with the specific circumstances of Chongqing Municipality to carry out the analysis of the premise.The impact of demand factors: level of per capita income and other factors. The same factors which affect the supply of major component from the price analysis, the cost of land, part of the development costs ect.The above two factors caused the change occurred around curve shift, which reflected the fluctuating real estate prices.Chongqing Municipality then select six economic indicators to complish multiple regression analysis of disposable income .The reslut is that the variable coefficients as high as 0.238, and its contribution to the role is very clear.Finally, the article in the above analysis, raises the following policy recommendations. For the Government, it should increase the disposable income of residents which will be able to break the monopoly, stable prices, increasing affordable housing, low-cost housing construction; on their own real estate business, it should adjust its internal structure; on the financial system to deal with real estate provide better service. Integrated from the three major efforts to ensure the real estate industry in Chongqing can better deal with the financial crisis and progress has been made in the development of truly sustainable development of the real estate industry. |
