The Transaction Costs Of Research In Second-hand Housing Transaction Process

Real estate as a pillar industry of China, its healthy and orderly development is particularly important for China’s economic development, reform and opening up more than30years, the real estate market is the rapid development of the gesture, but because of the scarcity of urban land resources resulting in the development of land within the city continue reduce the supply of new housing will be gradually reduced, while the storage capacity of the stock room will be gradually increased, the trading center of the real estate market will be gradually inclined to second-hand housing market, developed countries development experience, we can know with the urbanization process progresses, the urban construction is gradually extended by the denotative to the connotative update, transformation and protection. Three second-hand housing transactions as China (housing fund, low-rent housing, affordable housing) housing security system, a strong complement to, is an important part of consumption of the housing ladder, to meet the different needs for housing, the stable development of second-hand housing market to promote real estate one, two, three market organic integration, optimization of the real estate allocation of resources, regulate the real estate market, the price mechanism.Transaction cost theory originated in the18th century, David Hume, Adam Smith and Karl Marx,19th century, in the1930s by Coase’s "Nature of the Firm," a text available, the transaction cost theory of economics an important part of the transaction cost theory after decades of development has gradually become the theoretical basis of the analysis of economic, social, management and other disciplines. This article is the use of transaction cost theory as the theoretical basis, a detailed analysis of transaction costs in the second-hand housing transaction process, and empirical analysis in which various costs accounted for and obtained in the entire second-hand housing transaction process implicit transaction costs that exist in the proportion of very great impact on the healthy and stable development of second-hand housing market. The final proposal of building a second-hand housing intermediary PPP model (public-private partnerships), so as to reduce transaction costs, the purpose of stable second-hand housing market.