The Third Tier City’s Price Bubbles In Real Estate Market And The Research Of Control Policy

The real estate market is very complicated, the real estate with short-term nature ofinvestment goods makes real estate prices vulnerably interfer to speculative anduncertain factors. In recent years, with prices rising, the government regulate on the realestate market one round after another to ensure the healthy development of the realestate market. But the effect of the reluation is not very effectiv.After regulation, notonly housing sales area grows rapidly, but also the price of the house rises quickly.According to the face of soaring real estate prices, the party and the governmentlaunched a series of macro-regulations since2010. However, with the deepening of theprocess of national real estate regulation, the price of the second and third tier cities arequietly "relay" first-tier cities, in some areas prices even growth doublely. The secondand third tier cities become a real estate macro-control of the "vacuum" zone. In order tocontrol the real estate market scientifically, it is necessary to analysis the way of thepolicy impacting on the real estate prices and how to carried out regulations availably,etc.This paper selected a third city——Tangshan City’s real estate market as the objectof demonstrated study. and focused on the affection of control policies since2010to2012on the real estate prices.On the basis of the impact factors of the real estate pricesand the mechanism of changes, the theoretical basis part of this paper focuses on theanalysis of the various types of real estate control policy.The empirical part of this paperfirstly analyzes the development status in Tangshan market. And then analyze thebubble in Tangshan City according to the prices-to-income ratio and price-to-rent ratio,etc. Finally, on the basis of the conclusion of the real estate control from2010to thefirst half of2012, the paper analyze the effect of this round of macro-control policy, andsummarize the overall effectiveness and the existing problems.The third part is forpolicy suggestion. Comparing the actual situation in Tangshan City, the paper givessome advices according to the real estate market in Tangshan City...