The Government's Macroeconomic Regulation And Control On Real Estate Market In China

The real estate market is the same as other markets, due to their own deficiencies of the market mechanism, in the allocation of economic resources which may have many irrational mainly in the real estate market monopoly, asymmetric information, speculation and can not provide "public housing." This may lead to over-investment, high housing prices and the high vacancy rate, which means the market structure contradictions, easy to form foam consequences.Historical experience and theoretical studies have shown that the real estate market in order to avoid defects in its consequences, the government must intervene. Specifically, the government intervention is the result of market failure associated, When the market mechanism achieve the efficient allocation of resources. While the government can intervene to correct and improve the market mechanism, the defects economic resources more effectively allocated, the other hand, the government can intervene in the allocation of resources to achieve economic equity. Such intervention is commonly referred to the macro-control. The real estate market deficiencies exist so that the government macro-control has become necessary. The government can control through appropriate remedy market failures, the real estate market overall supply and demand to maintain a basic balance, Housing prices can be a smooth operation of the real estate market effectively ease the contradictions, protect low-income people to basic housing needs, so that the real estate market has become a stable operation, and the efficiency of both the fair market.Given China's real estate market healthy and stable development of a close relationship with the national economy, China has repeatedly conducted on the property market of macro-control, especially since 2005, States have introduced several rounds of the property market macro-control, on the whole, these measures are positive, But housing prices are too high, housing and irrational structure remains to be ignored. From stabilizing the national economy, improve the people's living standards perspective, the property market macro-control needed to be strengthened.