Study On Difference Of Funding Structure In The Real Estate Market

The development of the Real Estate market cannot go on without funds, theproblem of the financing in the economically underdeveloped regions affected on thelocal development of the Real Estate market. First, the paper introduced the financingstructure theory, regeional economic difference theroy and the reseach status of thereal estate market financing stucture and the regional differences, and proposed thereseach’s key point——the differences of the funding sources structure in the realestate market. Secondly, the paper studied the overall characteristics of the real estatemarket funding resources in China, and made use of the CV, the maximum andminimum coefficient, and the theil index to analyze the regional differences from thetime series and the space-sectional, with the national31provinces’ data of the realestate financing market from1999to2012. And the results showed that the higer thelevel of economic development in the region, the greater the proportion of loan ratio,the same to the foreign investment ratio, and while it depends on the enterprise itself inthe economically backward regions. In a word the difference in regions is obvious andthe trendency is becoming increasing. And the results showed the difference not onlyappeared between the regions, but also it esisted in the regions. Again, combined withthe previous reseach and knowledge studied, the paper analyzed the marcoenvironment and industry chacteristics in different regions, and determined theinfluencing factors on the basis of environment analysis. The paper built the panel datamodel, made use of the Eviews software to seek for the factors, and discovered themost important factors affection reginoal funding sources were the regional fiancialinsitutions deposit ratio, the GDP growth rate, the real estate investment growth rateand the operating profit growth rate. Finnally, the paper proposed the correlationaladvices on the basis of the research’ results.