Study Of The Law Of Prevention Of The Foamy Real Estate

After the implementation of reform and opening up, China is making a transition from planned economic system to market economic system. Thus the welfare-oriented public housing distribution system in 1980s in real estate industry has been changed to capitalizing system of housing distribution in 1998. The concept of people's house consumption has been changed totally. Real estate industry which has been a pillar industry in China has a basic, leading role in the entire national economy system. With the rapid development of real estate industry, voice of real industry bubble has been sounded in recent years. Our government has introduced a number of macro-control measures, such as control of property of land supply, strict bank funds, real estate and law enforcement, to try to cool down the overheated real estate market. The consequence is that the government will depend on three ways of land, finance and law whenever the voice is sounded. As a result, the "emergency notification" has been more effective than laws and regulations once. On the basis of definition to the real estate bubble, this dissertation proposes to solve the problem such as high housing price, high commercial housing vacancy rate and investment overheating in real estate industry by means of legislation. Thus the real estate industry in China will make a sustained and healthy development.