Study On The Development Of The Real Estate Market From The Macro-control Perspective

As a pillar industry of the national economy,the real estate industry not onlypromotes the growth of the economy, but is also important to the lives of ordinarypeople.Once the real estate market go wrong, the foundation of national economyand daily life of residents would be Seriously affected.In recent years, house price hasrapidly grown, which is far beyond the ordinary people’s income growing,leading toa lot of people”can not afford to buy housing”. It is a great challenge to theconstruction of China’s harmonious society. Therefore, the central governmentattaches great importance to the macro-control of real estate market. After2005, thecentral government has issued series of housing regulation policies. but problemsabout real estate bubble, the housing supply imbalance still exist, and the rapid rise inhouse price has not been effectively curbed.Therefore, the main problem of China’sreal estate market is not the deficiency of macro-control policies but the invalidationof policies during implement. therefore, it is needful to analyze real estatedevelopment from the perspective of macro-control.This paper starts from analyzing the present situation and existence problem ofthe real estate market, then put forward the necessity of macro-regulation. After that itreviews some macro-control policy and its implementation effect since the1978.Thenit analyzes the main reasons for the policy-implementation’s ineffective from theperspective of stakeholders. Finally, the paper puts forward the current regulatorypolicy through the good experience from abroad.