Research On Relationship Between The Irrational Fluctuation And The Action Of Market Participants Of Real Estate Price

The continuous increase of our country's real estate price has drawn the whole society's attention. Under the guide of the financial anticipation, the real estate market consumption and investment principal part under the non-price competition mechanism enlarged the foam element of price's increase. Plentiful causes led to the situation of the increasing city house price which is against central government's adjustment and control. Those causes include the high-degree market factor of the low-income or medium-income citizens' housing problem, land's scarcity, some local government's contorted practice with the perception of "Manage City", and some policy causes such as highly monopolized real estate development and severe unbalanced supply and demand relationship of real estate due to extreme speculation, which has restricted greatly the competitive degree of the real estate market and make real estate market characterize with typical oligarch monopolization. Due to the special factor of real estate, generally speaking, the real estate developer won't select the price competition and the non-price competition is their reasonable choice. Price cahoot and non-price competition caused the price rigidity of real estate, and weakened the price elasticity of real estate's demand and supply so as to make real estate price increase.In the light of the regional character caused by the unbalance development of the real estate market, the real estate supervision and management department must attach great importance to its negative effect and take active actions to adjust and control main rational market anticipation and perfect relevant real estate policy. Moreover, it must fight against those extreme speculation, propaganda, and monopolization act, undertake reasonable diffluence to the purchase with different usage and consuming group, register current real estate with the owner's real name, impose Tobin Tax and Exchange Rate Adjustment Tax on the short-term capital afflux, reform land selling method, and improve the supervision and exposing mechanism to real estate market information. Through the analysis method of demonstration research, this thesis mainly researched the irrational fluctuation of our country's real estate price. Starting from analyzing the double attribute the real estate owns—consumption and investment on the basis of fractionizing different market participants, this thesis explored some major factors influencing real estate price. At last, this thesis put forward some countermeasures and advises to restrict real estate price's irrational fluctuation.The chapters are arranged as follows: Chapter one is the introduction which mainly introduced the researched topic's background and research purpose; chapter two is the demonstration analysis to the irrational increase of real estate's price with the theory of the real estate price fluctuation; chapter three is the analysis of the relationship between the anticipation action of market participants and the irrational increase of real estate's price; chapter four is the analysis on the relationship between the unadvisable government housing policy and the irrational increase of real estate's price; chapter five is the analysis about the relationship between the irrational increase of real estate's price and the price cahoot under the oligarch monopolization in the real estate area; chapter six is for countermeasures of restraining real estate price's irrational fluctuation; chapter seven is the summary of the whole thesis.