| Housing problem is related to every people's interest and associated with the building of a harmonious society. The real estate industry is our country's pillar industry and has an enormous impact on China's economy. The real estate, however, has been overheated in recent years, which led to the sharply prices increase so that residents can purchase a set of satisfactory house of their own after several decades money saving. The Chinese communist and government attached great importance to the problem and carried out a series of Macro-control policies to decrease the real estate prices. The effect , however , was not satisfied and the prices still go up.There are many factors that effect the prices of real estate. The paper try to focus on the regional oligopoly real estate market to explain the reason that caused the high prices.The development history of Shanghai real estate is overviewed and the achievements are also confirmed. At the same time ,the problems exist in Shanghai real estate market are also pointed out, such as the high prices, high unsold house rate.Firstly, this paper analyzes the Shanghai real estate market at length, which includes the characteristic of the Shanghai real estate , the fixed location and heterogeneity of real estate , the entry barrier of real enterprises and through stringent Empirical Analysis, we draw the conclusion that Shanghai real estate is a regional oligopoly market, and so are other region markets around China. Secondly, through analyzing the behaviors of real estate enterprises, we get to know that they are taking advantages of their oligopoly positions to monopolize the sources of land, the final products and information of real estate to occupy the remaining of the consumer's , to shift tax burden to consumer, to maximize their profits. Which all lead to the high real estate prices and weaken the effect of Macro- control policies.Finally , the author gives some proper advices to control the real estate prices based on the rigorous analysis. |
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