Research On Real Estate Macro-control Policies In Residential Market At The Present Stage

Macro-control is the action course that government intervent and guide the market economy activities, on the premise of the market's fundamental role in community resource allocation. With features of shingkage, structional, gradation and openness, real estate market need to be guided and intervented; Real estate industry plays an important role in national economy and contributes greatly to GDP; Housing industry in the real estate, which is related to people's livelihood and sustainable social-economic development, need to optimize resource distribution under government's intervention and ongoing adjustment, to implement social harmony. Theoretically, external publicity of real estate market, coupled with certain degree of monopoly and unfair distribute, will induce "market failure" of real estate and result in unfair resource allocation, structural imbalance.Whereas, government is able to regulate effectively in the market failure with means of monetary policy, fiscal policy, industrial policy, income distribution policy, etc.The global financial crisis impact China economic entity since 2007, and effects its real estate industry as well.In the deterioration of the economic environment, foreign investments begin to evacuate, real estate consuming wishes of enterprise and residents appear to decline, turnover doldrums, some real estate firms also face capital puzzledom.As to analyze multi-indexs of land acquisition,development area, housing supply and demand, sales price of the past few years, it's found that main problems still exist in China's real estate market,such as supply and demand imbalance, Housing Price-to-income Ratio too big, unreasonable supply structure and higher vacancy rate. These problems which are detrimental to both short-term economic development and long-term social harmony, need to adjust and guide.In order to achieve economic objectives of inhibiting excessive real estate investment and social objectives of Classified Housing, China government has carried out necessary adjustments in recent years, by means of economic, legal and administrative, and tools of interest rates, taxes, deposit-reserve ,which makes positive effect, and also involves certain shortcomings. Government administrative is obvious and strong among a variety of regulation means, for example 70/90 and two sets of mortgage policy, etc. On double effect of the economic environment and control policy, real estate market appears in doldrums in 2008, and the structural contradiction becomes more distinct. By citing Beijing real estate market as an example, this article concluded the policy impact on real estate market, as national and Beijing's land policy, monetary policy, tax policy, supportability of housing policies and market regulation, analyzed the implement outcoming. This article chose three house price indexes: price, china real estate index and Housing Price-to-income Ratio, analyzing related data of housing supply structure, in order to evaluate how the regulation policy affects Beijing housing price and structure of the past few years.This article emphasized on Housing problems in real estate. In conclusion of past experiences and regulation problems, it selectively analyzed the 2008 policy results, summarized and found the short comings of real estate adjustment policy these years. It also gave a brief forecast and recommendment for its future development. The paper has somewhat theoretical and practical significance to robust real estate regulation system and enhances the policy effectiveness.