China Local Government Macro-control Study On Real Estate Prices

At the current market economy, the Government how to play a role in the real estate market has become an important issue. Ensure the healthy operation of the real estate market stability is the Government's essential duty. However, in reality, local government intervention in the property market failure usually appear. Therefore, it is necessary to correct violations of local governments, and strengthen government regulation and control efforts。At present, the central base in the public interest, introduction of market regulation and control policies, trying to control the situation of high prices to balance the interests of the real estate industry to address the vast number of ordinary home buyers difficult problem。However, the central goal of the property market regulation and control policy implementation required the implementation of local government. Imbalance between the interests of the game, local governments lack the implementation of market regulation and control policies, and even deformation of shape, our country is an important reason for high prices. With the continued growth of China's national economy brought about by the people's living standards improve, as well as the accelerated development of urbanization can be expected in the future for a long period, China's real estate industry will enter a rapid development cycle.The real estate industry as a foundation of the national economy and leading industries, through industry links and transmission, can influence, directly or indirectly, to or after the development of related industries. That is why much of our country in recent years local governments have the real estate industry as an important local economic growth point to support and nurture, the actual results from the point of view, the development of the real estate industry in recent years, indeed in many parts of the economic growth played a strong role in promoting. However, the real estate industry because of strong industry relevance, and it is likely to become a "hostage" of local economic development, "double-edged sword." On the one hand, if the real estate industry to maintain a reasonable speed and be able to sustainable development, will promote economic stability and balanced growth, On the other hand, the real estate industry is a very weak market supply flexibility and easily lead to speculation of industry, etc., tend to occur in the development of a variety of "market failure" situation, which the local economy, leading to the harm and loss. Therefore, the local government from the real estate industry in a strong detachment of the associated benefits out of our country real estate for some of its own inherent characteristics and mechanism of the real estate market of certain defects, Accurate positioning of their functions and appropriate intervention, will be the development of the real estate industry until the growth of national economy as a whole played a very important effect.