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Studies On Influence Of Land Policy On Real Estate Market Prce Of Hangzhou

Posted on:2009-04-24Degree:MasterType:Thesis
Country:ChinaCandidate:X M MaoFull Text:PDF
GTID:2189360278458469Subject:Technical Economics and Management
Abstract/Summary:PDF Full Text Request
China abolished the welfare-oriented allocation of housing so as to commercialize all residential housing since 1998. And with the quick development of the overall national economy, China's real estate industry has become a pillar industry for economic development which is a great drive and the promotion of other related industries. Hangzhou, during the rapid development of real estate industry particular of the housing industry, there has been a number of problems which involved in the healthy development of the industry, such as excessive investment growth, the irrational supply structure, too much rises of house prices and so on. When there are problems in the market, even the government has been making e macro-control policy one after another, but regulation's effectiveness is poor. Land, as the source of real estate's development, has always been an effective macro-control tool. In china, the primary land market is dominated by the government, thus the government can affect the way of land transaction, land supply, the structure of land supply through land policy. All of which directly impact on the structure of the real estate supply.The paper centers on the relationship between land macro-control policy and housing price on the purpose of illuminating the effect agrarian policies have on housing price. It used multi-disciplinary basic theories such as economics, game theory and so forth from the angles of way of transfer land, land supplying amount, land supplying structure, psychological boost to seek the influence mechanism the agrarian policies has on Hangzhou housing price ,and put forward corresponding proposal policy. At present, there is few research on the relationship between land policy and housing price of one city. According to the principle of combining theory with practice, this paper has analyzed the role of land policy in price formation mechanism, in order to provide a new idea for studying the issue of housing price. The whole paper is divided into five chapters, the structure is followed:The first chapter describes the main significance of the topic, a review of the research at home and abroad, method and technology of this paper.The second chapter is about the interpretation and definition of the related concept, the economic theory which to analysis the relationship of the land market and the real estate market, the theory of rent, the formation mechanism of real estate's price, on the impact of land policy in real estate prices on of the theory, the basis theory of how the land policy impact the real estate price.ChapterⅢ, Based on the changes of the real estate market price in Hangzhou in accordance with logic of the land policy affected the supply of housing, thus changes the price of housing , explain how the land policy impact the real estate's price.ChapterⅢmainly about the three factors which impact housing price: the way of land transaction, the number of the land supply and land supply structure. Concludes that the land transaction will change the price of land, but under the pricing strategy of developer, the change in the price is not obviously. Supply of land impact the housing price, but as the developer has great holding of the land, the impact is limited. Structural changes in the supply of land form a more reasonable price system.ChapterⅣis a empirical research paper. The impact effect of land policies can be quantified into a number of the middle variables from the point of view of land supply. Analysis the effectiveness land policies through the relationship between the middle variables and housing price.ChapterⅤis a summary of paper, about conclusion, shortcomings and recommendations of the research.
Keywords/Search Tags:land policy, land supply, the total land supply, the structure of land supply, real estate prices
PDF Full Text Request
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