The Study Of Speculation In Real Estate Market

From the second half-year of 1998, our country has suspended the housing distribution in specie countrywide, gradually implement housing distribute monetization. The purchasing power and enthusiasm released, housing demand has grown rapidly. From 2001 to 2005, with the further development of the real estate market,the sharply rising housing prices attract the"real estate bubble controversial"universal concern. Although the effects of the real estate can lead to spur economic growth, but also ridden with hidden dangers. Under certain conditions, the real estate can turned into speculative goods, similar to the stock. Have great relevance to the finance, once the real estate in crisis, it can easily develop into a financial crisis, and can easily lead to overall economic shocks. For the speculative real estate market conduct, regulation is necessary, and for control of speculation,it is important to define reasonable speculation and realize the causes and mechanism of speculation.The whole paper is divided into six parts. The first part(introduction) points out the significance of this subject, and briefly introduces the structure of this paper.The second part describes our country's real estate market through data analysis. Through the inspection of the house and earth development and the completion of the acquisition cost, we know that the real estate costs and prices are not necessary linked. Through inspection of the sources of funds for real estate development, we know that the real estate and financial services are closely related. We also inspected the situation of China's real estate development, real estate prices and the completion of the sale and income. These data revealed that in recent years, there is overheating trend in China's real estate.The third part provides an overview of the characteristics of the real estate market, the performance and characteristics of the real estate market speculation, the distinction between real estate investments and real estate speculation. We introduced for the argue of investment and speculative of Graham and Mao Yushi. Unlike the stock market, rational assets into securities lane will be funded through the production process added value, it can be classified as investment. But even after a rational analysis of the system to avoid risks into the real estate market for the buying and selling of real...