Study On The Influence Of Interest Rate Change To Real Estate Price

Adopting the method of combining theory and empirical, based on real estate, with consumer goods and investment goods attributes, and study the impact of interest rate adjustment may have on China’s real estate industry. Through the analysis of the last century ninety’s at the end of the adjustment of the people’s Bank of China on housing reform of state-owned banks in China all kinds of loan interest rates and China’s real estate price trend, the state-owned bank of China loans benchmark interest rate changes showed reduced number of up-regulated, using monetary policy by using less now frequent is used in the exchange rate adjustment and the nationwide real estate market price trend of rising year by year. Analysis of the causes of influence through interest rate monetary policy on the real estate market potential theory, the interest rate adjustment as the means of macroeconomic regulation and control of monetary policy, the supply and demand of the real estate market will have a far-reaching impact, and take to change the price of the real estate market in the supply and demand theory under the action of. And from2005to2013real estate prices and the corresponding rate of data analysis, the empirical results show that, the interest rate adjustment will give developers and property buyers will have a great impact, and the impact on the real estate prices, forcing real estate enterprises to make a corresponding adjustment of prices. Associated with a change in interest rata, between the short term prices, is negatively correlated with the interest rate changes in long-term prices, long-term tight monetary policy to curb real estate prices rapidly rising role, which is China’s use of interest rate policy to regulate and control the goal.Although the interest rate adjustment can cause fluctuations in prices, but has complex effects of imperfect factors and interest this monetary tool itself in the formation of China’s real estate prices, and monetary policy in effect on the real estate market, with a lag of a certain time on the regulation of prices exist. But do not face is, in China’s current economic development situation, the central bank uses the interest rate lever to control prices can not completely control the housing market. In house prices, house slaves emerged today, in addition to relying on the interest rate such monetary tools, the country needs more functional departments, various measures combined, the common regulation of real estate prices.