Research On The Government Regulation In The Real Estate Market

Global economic growth has slowdown since the end of the 20th century, various countries are all facing the tremendous pressure from economic fluctuation.In this kind of situation, Chinese government has issued a series of policies to expand domestic demand, and actively looking for a new economic growth point to drive the economy in the same time. As an important pivot to stimulate economic growth, the real estate industry has developed in an extraordinarily rapid way in recent years, and became the first priority that relating to the national economy and people’s living. The development of real estate industry can not only increase the fiscal revenue for the government, improving people’s livelihood, and improve the people’s living conditions, but can also enlarging employment, drive upstream and downstream industry’s development. However, like all kinds of the other markets, the real estate market has it’s own defects that difficult to overcome. The defects thus lead to consequences such as overheat of real estate investment, high home prices and high vacancy rate coexist, supply and demand imbalance, easy to form economy bubbles etc. For those reasons, the government has a certain necessity to regulate the real estate market. Through the regulating of government, the amount of supply and demand in real estate market can keep a basic balance, house prices will go back to stability, structure contradiction will be eased, the low-income’s needs in housing will be guaranteed,and the society shall maintain harmony.Considering all these problems, this paper adopted material methodology, method of comparative analysis and combination of theory and practice etc, summarized governmental historical evolution on Chinese real estate market on the basis of the predecessors’research, and analyzed different performances of real estate market regulation in various stages; On the basis of comparative analysis, we summarized what kind of inspiration can China get from the experiences and lessons of the United States and Japanese government’s regulation on the real estate market, And then,we analyzed the existing problems and the reasons of government regulation in China’s real estate market. Finally, pointedly put forward proposals and suggestions to solve the problems, and provided the reference for our government to develop and implement real estate policies.