| In recent years the house price in the Chinese cities keeps going up as well as that in Guangdong Province. This paper takes Shantou as an example, which is a second-tier city in Guangdong Province. Combining all kinds of economic facters in China as well as in Shantou City, and analysing every macroeconomic index in the past, a research is made to find out the tendency of the house price and it effects. The research shows that the house price in Shantou fluctuated greatly between the year 1998 and 2009. The price rose irregularly between the year 1998 and 2005, whereas it kept skyrocketing between 2006 and 2009. The average annual growth rate between 2006 and 2009 is above 18 percent, the highest rate in 2006, which is 22.5 percent. Compared with that in the first-tier cities Guandzhou and other second-tier cities, the house price would be much cheaper in Shantou, but measuring the index of the income for paying houses, this figure of Shantou already surpasses 10 in 2009, which comes top in the second-tier cities. However its GDP falls behind in Guangdong.Compared with those factors in the first-tier cities, economic environment, basic facilitiy condition and industry focus degree exist a distance, and the market demand is restricted. The key factor which affects the fluctuation of house price in Shantou is the increase of investment and speculation in house market.With the hope of keeping the house market in a stable state, this paper suggests the government should control the demand of real estate speculation, strengthen the credit monitoring, take a series of positive measures and in the end suppress the excessive expansion of th ehouse market.Therefore the government should pay more attention to the price tendency in the second-tier cities, avoid the bad situation in first-tier cities, i.e. house price rising too quickly and losing balance from the overall development. This situation would affects the city development as well as the resident consumption. |
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