| Our welfare housing system in1998, the central government was officially canceled, replaced by a " housing commercialization ", marking the transition from welfare system for the real estate market, this system makes changing real estate market appeared Heilongjiang piece lively scene. After entering the new millennium, the rapid development of the real estate market in Heilongjiang, real estate prices and real estate transactions simultaneously leaps and bounds. But in the real estate market hit a new high at the same time, some of the impact on the healthy development of China’s real estate market, macroeconomic problem has cropped up, the growth rate of the real estate market investment unreasonable government land supply structure of the real estate business is unreasonable, holiday surge caused residents to improve housing conditions and many other issues to social imbalance brought factors of disharmony. In addition, with the rapid development of real estate, which has become a pillar of the economy in Heilongjiang Province, a high degree of association of real estate, including a number of industry of building materials, steel, decoration materials, household appliances, etc. are very vulnerable to real estate affecting the industry. Therefore, the sus7tained and stable development of the real estate industry in Heilongjiang Province, Heilongjiang Province, is a necessary condition for macroeconomic fast development.To ensure that a sustainable and stable development of Heilongjiang real estate market, not only the central government introduced the policy, local governments are also actively cooperate Heilongjiang issued a series of macroeconomic policies. But it did not, although all levels of government to control real estate market as the focus, continuous and timely policy adjustments, but the real estate market is still in Heilongjiang some unresolved issues, the structure of supply and demand imbalance in the real estate market in land, housing prices are relatively high, can be seen the corresponding control policy did not achieve the desired results.Real estate funds long-term supply of the need for large-scale, long development cycle of real estate projects, development and sale of real estate projects in the two areas are needed to support the financial sector. Therefore, as the regulation of the national economy is running one of the main means of monetary policy on the role of the real estate industry is huge. Therefore, the article will be based on current development in Heilongjiang Province as a regional real estate case, in particular economic and political environment, the study of monetary policy on the real estate prices in Heilongjiang Province, conduction, and the corresponding negative and obstacles for thorough analysis, and propose targeted, effective countermeasures can be implemented. This is a healthy and stable development of the real estate market in Heilongjiang, and improve the efficiency of the policy indelible theoretical and practical significance.Empirical conclusions:We can see from the empirical conclusion:the short-term interest rates and the money supply will not affect the price changes in the underlying real estate in Heilongjiang Province. However, in the long run, changes in the money supply and changes in real estate prices in Heilongjiang Province is positively related to interest rates on real estate prices will not be affected in Heilongjiang Province. Overall, the impact of interest rates on real estate prices in Heilongjiang Province is not very strong, but the money supply is a powerful means of regulating the real estate market in the long term.At the end of this article to hinder China’s monetary policy on the real estate prices in Heilongjiang factors were analyzed and propose suggestions for thought. In the two transmission channels of monetary policy are not very smooth, the basis of this paper, empirical results, combined with the actual situation and background, elaborated China’s central government to formulate monetary policy transmission in real estate prices in Heilongjiang impediments, including factors monetary policy mistakes and behavior of real estate participants. For these reasons, the article then proposed to speed up China’s market-orented interest rates, strengthening the function of interest rates, and enhance service capabilities and execution of the Heilongjiang provincial government departments to further improve the financial structure of China’s real estate market, efforts to improve the real estate market in Heilongjiang Province, the legal environment these aspects to propose targeted and effective countermeasures. |
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