China’s Urban Real Estate Market Bubble’s Research

The so-called real estate bubble in the real estate market, the market price relative to the baseprice appears continuous, non-steady rise. With the continuous development of China’s real estateindustry, real estate prices continued to rise, real estate investment overheating, imbalance in supplyand demand in the real estate market is the increasing number of countries continuing to adoptvarious policies to regulate the real estate market, but the effect is not obvious. Meanwhile, on thequestion of the existence of the real estate bubble has also been the focus of many industry insidersand experts and scholars debate.Cities in China real estate market is a big gap between the state of development, according torecent years, the level of prices of the city is divided into three categories, and were selected whicha representative of the typical city and its development of real estate market analysis based on,"thegrowth rate of real estate prices/GDP growth rate, the growth rate of real estate investment/GDPgrowth rate", investment in real estate development/investment in fixed assets "growth rate ofhousing construction area/sales area growth rate in four the measure of the real estate bubble of theindicators of the extent of the real estate bubble in three cities, the results show that the three typesof urban real estate market bubble, just off the boom because there are times the Lord is not thesame, the degree of foam. Overall, however, the main reason of the bubble can be attributed torising land prices, excess liquidity and investment channels for a single lot of money into the realestate market, the psychology of consumers expected to affect buying behavior, and housingsecurity system, banks appraisal system of the credit system, the local government is not perfect.Therefore, it should be from the inhibition of excess liquidity, the reform of the land transfer system,the housing security system, as well as take advantage of the tax to adjust the angle of the real estatemarket for the governance of urban real estate bubble.