On Performance Evaluation Of China Real Estate Industry Market

The real estate industry is an important industry in China’s national economy，and China’s socialist market economy is developing very fast after the reform andopening up. The property also has been rapid development with the process ofurbanization and modernization. The stable development of the real estate industry isconducive to the growth of China’s economic, to improving people’s living standards,and to building a harmonious society. Therefore, analysis on the market performanceof China’s real estate, the difference of real estate among different provinces, andsteps taken to improve the performance level of the industry has much significance.This paper firstly summarizes the research on the performance of the real estatemarket at home and abroad, analyzes the development situation of China’s real estateindustry, and establishs a performance evaluation system,which is based on the realestate industry’s characteristics by using factor analysis method. After the paperanalyzes the real estate market performance of31provinces and its marketperformance of15years, it has reached the following conclusions:(1) China’s realestate market performance has been improving, which indicates that China’s realestate market performance has continued to improve, and the industry is stepping intoa stable period of development;(2) the performance of real estate market developmentin different provinces is very different;(3) The real estate market performance ofdifferent areas is very unbalanced. In accordance with the overall performance of theaverage level from high to low, generally showing a “East-Northeast-Central–West” diminuendo from strong ladder-type distribution trends;(4) the overallperformance of the different provinces has ranked basically in line with its overalleconomic strength. The first5ones are developed provinces in eastern China, whosecomprehensive economic strength is the best in the country, while the last5ones aremainly from the China’s western provinces, whose economic strength is not good.Finally, some suggestions have been put forward to improve China’s real estatemarket performance.