Beijing House Prices And Land Prices Relations

In recent years, housing price has been increasing rapidly with the influence of various factors, such as the high speed of economic development, the fast growth of people's living standards, and the speeding process of increasing urbanization. At the same time, land price is also soaring with the application of auction mechanism. The soaring price of land and housing and the relationship between the two have been a very hot topic both in the society, as well as in the academia. Theories like"land price pushes housing price"and"soaring housing price brings rapid growth of land price"arise under this circumstance. It will be very helpful to the formulation of effective housing polices, the efficiency of land usage, the stabilization of land price and housing price, and the realization of the goal"Home Ownership for All", clarifying the relationship between these two. The housing price in Beijing has been growing much faster than the growth of the simultaneous Per Capita Disposable Income in recent years, especially after 2004, which has caused people's dissatisfaction and the attention of the government. This paper is trying to determine the relationship between Beijing's housing price and land price by Granger cause-and-effect testing and some other methods, based on the analysis of the features of Beijing housing market. Based on the results, it gives suggestions on real estate Macro-Control policy making to Beijing Municipal Government, aiming at facilitating the stabilization of housing price, and assuring the continually healthy development and hence the prosperity of the real estate industry.Chapter 1, the introduction of this paper . This chapter mainly introduces the background and significance, the domestic and foreign research situation, the main research contents and the method of study.Chapter 2, the relevant concept definition and related theories. The price, connotation, structure and influence factors of land and house are analyzed to define the concept of land and house prices. Introduces the land tax theory, location theory, and property rights theory, etc.Chapter 3, analysis of the relationship between house prices and land price. Firstly analyzes the relationship between the houses and land, and based on this, the paper analyzes the relationship between house price and land price with static and dynamic views.Chapter 4, the empirical analysis section. Firstly analyzes the trend of land prices and the characteristics of Beijing in recent years. Chapter 4, reviews of the Beijing real estate market development and forecast of the future supply and demand. Development situation of the Beijing real estate market from 2000 to 2009 is analyzed and summarized, and on the basis, the paper predicts the Beijing housing market demand and supply conditions from 2011 to 2015.Chapter 5, firstly, the paper predicts the Beijing housing market demand and supply conditions from 2011 to 2015. Then on the basis, judge the relationship between the house price and the land price of 2011 to 2015.Chapter 6, conclusions and Suggestions. Summarizes the contents of the above section and puts forward countermeasures and suggestions to stable house prices and land price.Chapter 7, deficiencies and outlook. Puts forward some shortages during the course of the research and make outlook of the future research direction and contents.