Personal Housing Loan Policy Research On The Influence Of The Real Estate Industry Adjustment

The Influence of financial policy impacting on the real estate development has been proved in many countries. Financial policy also has become an important method regulating the real estate in china. The range of financial policy is widely. The effects of housing loan policy on real estate industry are especially significant. Since the90’s of last century, China has begun to carry out individual housing loan. Since then, the housing loan policy also has begun to impact on the individual housing loan business and real estate development.Over a few decades of adjustment, the policies of individual housing loans has gradually been improved. Since the October of2010, the adjustment policies of individual housing loans has began to work out, which is placed high expectations by the market.There is a lot of study on relationship between personal housing loan and real estate industry, but most of it is on the qualitative research. The quantitative analysis of the articles is poor. This paper mainly adopts quantitative research and qualitative analysis, by building mathematic model and reasoning logical to get the article conclusion. Firstly, the article using the establishment of mathematical model of quantitative to study the relationship between individual housing loans and real estate. Secondly, to study the further impact of individual housing loan policy adjustments on real estate market, especially on the core element of market (supply and demand, price, volume)and the real estate market participants (buyers, real estate development enterprises). Finally, put forward the corresponding policy suggestion. This article mainly selects China’s personal housing loans and real estate related economic indicators from1998to2011, using co integration analysis in Econometrics and Granger causality test to analysis of individual housing loans and real estate related factors. Mainly from four aspects, the policy adjustment on the impact of real estate prices, on the real estate supply and demand mechanism, on the competition mechanism influence to real estate, on real estate risk mechanism. The last but least, to put forward some suggestion of policy recommendations to promote a healthy and stable developing of real estate industry.Such as strengthening individual housing loan policy, establishing and improving the real estate market regulation mechanism. In order to make the real estate market gradually move toward standardization, to build a harmony and stable real estate credit market.