Dynamic Relationship Between Land Price And Housing Price And Regulation Countermeasure In Changsha

In these years, land price and housing price are keeping increasing, which has become a serious problem related with people’s livelihood and crucial state Macro-control issue. The relationship between land price and housing price has brought a lot of hot debate. There is one view that the rise of land price increases housing cost, leading to high housing price. While, another one argues that the proportion of land price to housing price is limited so land price is not the main reason of high housing Price. The broad disputes draw abundant academic research and a lot of empirical studies have been done on this topic. There are three main viewpoints:derived demand view cost drive view and interaction view. Most of these researches are based on Urban Economies, Neoclassical Economies and Spatial Economies; Focus on the relationship of land price and housing price in the long-run equilibrium level.On the basis of the relevant theory, meaning structure and interactive relationship, this theory qualitative discussed on the relationship between the land price and the housing price in specific aspects of the four premium:First, from the angle of macroscopically economic data analysis of Changsha land price and house price correlation, change trend and so on. In the fourth chapter, by making use of econometrics software Eviews5.0of Changsha City housing price and land price, dynamic relationship between the Granger causality test; Then, through field survey and data collection, sorting out the58commercial housing project details, use microcosmic case said Changsha City Land for housing property difference ratio; Finally, comprehensive Changsha real estate market present situation, put forward the corresponding countermeasures.Through theoretical and empirical analysis, draw the following conclusions:(1) Changsha City land price and housing price in2005before the steady growth, both in2006while the rapid rise, and the trend is basically consistent, both in2008and2009to slow down the growth rate, and then again in2010blowout.(2) Through the econometric analysis, the Changsha City there is a long-term equilibrium relationship between land price and house price. In the short term, price is the price of Granger causes the price premium, no significant effect; mid, land price and house price are each Granger reasons, both and mutual influence; the long term, land prices and housing prices or prices for the dominant, price fluctuation influence on land price is significantly greater than the impact of price premium, rather than the reverse.(3) From a typical case data indicate, Changsha city commodity housing land prices than the average for18%, low land prices than the Changsha City through land rising housing costs push prices high and very limited role.In Changsha City housing price regulation countermeasures mainly for land supervision, improve the land transfer system, optimize the structure of land supply, to strengthen the construction of affordable housing, make full use of financial revenue in this regulation means and to establish a scientific evaluation system of real estate price.