Affect China's Real Estate Market Regulation Policy Research And Future Orientation

Along with the development of social economy, the process of urbanization, the improvement of people’s living standard, the development of China’s real estate industry all the way to prosperity, While real estate prices have showed a trend of rising. The resulting imbalance of demand and supply, speculation is serious. Especially in the economically more developed areas, prices also rise to general average citizen unacceptable levels. This phenomenon has caused the great attention of the central. In order to curb real estate prices rising too fast and overinvestment, the government began to regulate the real estate market from2003, and the policy became more and more strict. Current regulation policies are in a phase of continuous improvement, and have passivity, therefore we need to clear policy objectives, limit the government behavior, make a reasonable and long-term planning, innovate and promote the rationalization standardization of real estate prices.In this paper, based on the application of demand and supply theory, market failure theory and macro-control theory in the real estate market, we could know the influencing of supply and demand in real estate market. From supply, demand, credit three respectively, we select nine related indicators, that are the housing price to income; price growth rate to GDP growth rate; house price-to-rents ratio; sales growth rate to growth rate of total retail sales of social consumer goods; housing vacancy rate; the real estate investment to the whole society fixed assets investment; housing construction area to floor area; real estate investment growth rate to GDP growth rate; loans to financial institutions loans, we analyzed the China’s real estate market bubble from.2003to2012, the rising prices, the increasing ratio of housing price to income, the rapid expansion of credit and the excessive warming investments, these phenomena have described the current real estate market bubble is real, and there is an excessive growth of trend.Then the article summarizes the influences of regulation policies on the demand supply and credit market since2003, we know the stringent regulation policy have played a positive role in inhibiting the expansion of bubbles. But because the repeated policy and other various factors, the housing price is always rising, and the control objectives did not get historic progress. At last, this article consider from five aspects that are required inputs, policy implementation cycle, the difficulty of monitoring, the Government’s determination, select the current policies, through AHP we know the "restriction order" integrated weights were highest, which means restriction policies is put in the minimum required, effective regulatory policies with the fastest cycle. So to the future choice of China’s real estate market regulation policies, we should continue to implement the effective restrictions, strictly differentiated credit policy, and constantly improve land management, at the same time, expanding the scope of levy property tax and the scale of project construction. According those ways, we could adjust market structure; promote the prices more reasonable and the market more healthier.