Study On Relevance Of Land Policy And Real Estate Market

In recent years, as further improvement of land reserve system and the rapid development of the real estate market in the process of China’s urbanization, the local government-led buyer’s market, and real estate developers’competition has led to the frequent "Lord," and the phenomenon of high prices. With land control policies in2003has been raised with the fiscal and monetary policies of parallel implementation of the national macro-control tool, to control prices was uplifted to a solid support of the people and to protect the livelihood of the political heights. But frequent administration policy implementation effect on the regulation of prices is very limited, and the theoretical circles as to whether high land prices led to high prices, the government’s financial situation is a high land prices push hands, land policy of the need for regulation of real estate tools and conduction mechanisms, pathways and effects and a series of hot issues still exist many differences.Purpose of this study is through the analysis of land involved in the real estate market regulation and control policies theoretical basis and institutional background, looking for land regulation mechanisms involved in the real estate market, into the details of land supply, the price of land supply, land supply methods and policies such as land supply structure tools and relevance of the real estate market. Then, with the country’s31provinces from2004-2012panel data, the thesis gives an econometric analysis on the relevance of the land supply between housing prices and housing supply. Finally, the study gives a quantitative analysis of empirical data based on the2012real estate market in Beijing to provide a theoretical basis and technical support research for the government to control real estate market. Content of this study are as follows:Chapter one comprehensively introduces the research of land system, the relevance of real estate market and policy instruments. The second chapter provides theoretical background mainly from three aspects. The third chapter gives a comprehensive analysis of land policy control mechanism combing the land control policies in recent years. Chapter four uses econometric analysis to investigate the connection between the land supply and housing prices and then based on the output data gives an empirical research; Chapter five gives a series of policy recommendations of improving land-control policies combined with Beijing econometric analysis of relevant data. Chapter six gives the conclusions of the paper.