Research On The Effect Of Real Estate Credit To Real Estate Price Of Nanning

By influence of global financial crisis, the state and local government has issued a series of policy for stimulating economic, when economic recover and develop is also associated with the phenomenon that inflation pressures will be constantly strengthen and real estate prices will rise quickly. Real estate prices is relation to the people's livelihood, so it become a hot spot to the social people from all walks of life. Nanning city as an associate triplet has been pointed out that the real estate bubble ranked the third national, it reflects the real estate prices have been virtual high from the side. Many experts and scholars research points out that the real estate credit have an important impact on the real estate prices,it means that it can use of controlling the real estate credit to influence real estate prices. Nanning city government has issued some control policy which also mainly includes to influence real estate prices by controlling the real estate credit. Therefore, this paper discuss the meaning and purpose of controlling the real estate credit to influence real estate prices.This paper is summed up some methods and results from foreign scholars to research real estate credit and real estate prices, review and analysis important factors which influence the real estate price, put the real estate credit to further discuss and combine analysis to discuss the changes on both, uses cointegration theory and GRANGER causality analysis method to empirical analysis on the relationship between real estate credit and real estate prices, confirm a long-term equilibrium relationship and two-way causality between real estate prices and real estate credit in nanning.This article based on empirical analysis of Nanning Real Estate, evaluate the correctness of the policy which use of controlling the real estate credit to influence real estate prices,meanwhile, it is pointed out that it should be combined with the actual economic development situation of Nanning, integrated a number of factors into account to stabilize the quickly rising of real estate prices, and then from the angle of the real estate credit, it put forward many policy recommendations such as controls the total credit funds and the direction, differentiated credit policy refinement, strict credit checks and so on.