| The Real Estate has become a pillar industry of China's national economy after continuous development. The development of the real estate industry affects and stimulates the development of the other industries in China, thus influences the development of the entire national economy. The rise of the price of the real estate is an inevitable trend in the process of urbanization and industrialization, in short time , however ,it will beyond the affordability of the economic system if it soars too fast, consequently, influences the stability of the economic system. In order to maintain the stable development of the real estate market and make it play the role of the pillar industry in the national economy, it is necessary to develop a long-term mechanism to control the soaring price. The reasons why the price soars so fast in recent year in China are as follows: The limitation of the supply of the land used for urban construction is an important premise for rising price; The growth of the demands for all kinds of housing is the driving force pulling the price up; The manipulation of information by the real estate developers enlarge the imbalance of the market. Under the condition of the imperfect operation mechanism of the real estate, these factors above result in the confusion of the real estate market, the soaring price, the imbalance of the development of the real estate's structures and regions and so on.The domestic real estate industry still has a good many problems, such as the defective market system, jumbled market management, and the unsound pricing mechanism. Price is the central factor and weatherglass of estate market. Nowadays, the price of commercial houses is rising so fast that it is necessary to pay attention to how to regulate the inflating price. In the last years, structural conflict between demand and supply continue to exist, and asymmetric information, extra-thriving demand, decreasing land, unbalanced demand and supply all contribute to the structural lopsidedness of the estate market. Economic gaps between different areas lead to the lopsided domestic estate market, and this in turn exert some adverse effects on the development of estate market, optimal configuration of lands and promoting utilizing efficiency. Still, the high degree of dependence of estate industry on banking system bring great risks. All the problems mentioned above has become severe tasks for the supervisors.The development of real estate industry has a fundamental influence of the whole domestic economy. The author introduces the existing problems and how they will affect the financial market, stock market, CPI and other related industries.The undulation of the real estate industry has always been an early sign that the government will issue new macroeconomic regulation policy. In recent years, especially in 2007, our country has issued a series of regulative policy, including agrarian policy, real estate policy, finance policy, finance tax policy and so on. For some problems in real estate industry, this essay provides some suggestions on the aspects of strengthening the policy guidance, speeding up the innovation of financial investment product, enhancing our country's capability on regulating real estate industry. For the on-going hiking housing price, unreasonable housing supply structure and market disorder, the central government has issued a series of regulative policy, including agrarian policy, real estate policy, finance tax policy, enhancing the bank deposits reserve rate and Loan interest rate policy, increasing the first payment proportion policy and so on, however, the rising scope of the housing price is still bigger than that of any other product's price index. In order to promote the steady movement of the real estate industry, and to keep the sound situation of the economy's continual and relatively faster growth, concerned arrangement should be made on other aspects. For example, the government instructs people on rational buying houses under the correct guidance of public opinion, makes reasonable land plan to guarantee the supplies of the housing land, begins to levy the property tax to suppression run- ahead consumption, slows down the rising tendency of the house price ,strengthens the regulation and management on housing and real estate price, adjusts the investment direction and the supply and demand of the real estate through housing price, strengthens the housing demand management, carries on the difference management, strengthens fund monitoring dynamics, restrains the congenial behaviors, strengthens the housing loan credit risk management, perfects bank credit appraisal system, strengthens the housing safeguard measures, reorganizes and standardizes real estate market order, establishes and perfects real estate market, establishes and perfects the multiplex real estate money market system, and strengthens the financial product innovation.How to keep the balance between development and stability of the real estate market is an essential task we have to deal with. We can just achieve success if and only if we can really figure out and handle different measures and the influences they might bring, also we should make sure the implement of the rules and regulations are according to the economic situation. |
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