| In recent years, real estate has become frequent word in some big media,that contain many kinds of informations about real estate.real estate attacts many attention that affact many peple.From the day real estate reform began,the development of real estate market became faster and faster,the relationship between some industry and real estate became closer and closer,the influce towards economics becomes deeper day after day.The price of real estate stays high in our country,especially after credit expansion in the peried of Financial crisis in2008,the price of real estate increas highly in short times.In some cities,the price has been beyond the degree the citizens can afford. From the view of the demand for real estate, the huge profits of real estate attract more and more capital to join,as a result that the supply is not adequate to the demand,at the same time,the vacancy rate rise highly.From the view of the supply for real estate,more and more company join in industry of the real estate development,many companies look down upon the former item,the entity economy presents hollow trend. Because of ensurance of the bank,the speculative investment is developing smoothly.What stays behind of the booming of real estate is the gradually visible crisis of finance.The article first elaborated the research background, purpose and significance,the second part elaborated the real estate has the different characteristics from other industries, preparing for the following analysis.Subsequently analysis the contributions of the development of real estate to the macro economic development, mainly from the view of the pulling effect of real estate to GDP, the pulling effect of real estate on the related industries, the support real estate on the financial of the government and the promotion of city urbanization.At the same time analyse the causes of real estate overheat in last few years and negative effects to the economic.The third part,35provincial cities and key cities are selected,taking several representative indicators of the real estate market to make cluster analysis.The35cities are divided into3categories in accordance with the development degree of real estate market. The first category mainly contains first-tier cities and deputy provincial developed cities as well as municipality directly under the central government. Second category contains developed coastal city and Eastern vice provincial city. Third category contains the cities in less developed central and western areas.This distinguishes clearly the regional differences of real estate market development, by contrast the development of the real estate market in the different situation can be found, avoiding the error brought by the overall research.The fourth part, selecting GDP per capita, loan balance of financial institutions, per capita disposable income, real estate for the area, domestic real estate development loans, city population natural growth rate of house price index, select a part classification of city as the research object, using the panel data analysis, for different categories study of various factors that affect the real estate price, can find the impact of the real estate market in various indexes for different regions, which can be targeted to a regional implementation of the relevant control measures.Through the analysis of panel data can be found that,the main factors affecting real estate prices of the first regional are:per capita GDP, domestic real estate loans, which per capita GDP effect is relatively distinct; The main factors affecting real estate prices of the second regional are:the natural population growth rate, regional GDP per capita, loans of financial institutions balance, in which the rate of natural growth of the population, regional GDP per capita is remarkable; All the study factors can affect third kinds of regional real estate prices, the main factors are:the natural population growth rate, per capita disposable income and real estate home loans. The last part is based on the research results of the analysis presents policy recommendations. Policy suggestions:1,rational adjust the real estate profits, guide capital flows to the normal industry.2To control the right of real estate loan, reducing financial risks3,To increase the low-income housing, low-cost housing ratio, forming a good pattern of real estate market4,To combine the market and administrative means, strengthening the real estate market regulation. |
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