Researches On The Housing Price-deciding And Adjusting Policies In China

This article is based on the facts how the housing market run in china after the housing system has changed, Combined with the related researches native or abroad and use principles and methods in the microeconomics and statistics, with plenty of data we set up a housing price-deciding models by control variables and multitude regression analysis based on a hypothesis that the housing market is not equilibrium. We try to answer which factors are deciding the house price and how the policies related to housing market effect the price by quantitative and quality analysis. Further take Hefei City's housing market as an example, we make a conclusion about how some polices related to financial ,land and tax take effects on the housing price in the fact. We view:Firstly, the financial policy with a higher rate maybe decrease the housing price just in a short period and increase it finally, because the elevation of interest rate impress the demand in a short time but decrease the supply in a longer turn.Secondly, as though land price has raise the cost of house building but it act a little in the process of housing market burning up because the cost of land is not an important part in housing price.Thirdly, other policies such as supplying house for low-income families are invalid for its small scale.Based of these conclusions, a series of policy suggestions such as extending availability supply, being cautious to increasing interest rate, are made to cope with the problems mentioned above.