Beijing-Tianjin-Hebei Region Residential Housing Purchasing Power And The Real Estate Control Policy

Real estate industry directly decision to the national economy and people's livelihood,and at the same time as the pillar industry it can promote the development of economy,especially in the industrial transformation and upgrading is given priority to realize the coordinated development of Beijing-tianjin-hebei background,the research of Beijing-tianjin-hebei region the development of the housing market is significant.The paper is based on the integrated development of Beijing-Tianjin-Hebei region and perspective to the location theory,the theory of consumer income and price earnings ratio index,combined with the status of the regional real estate market development in Beijing,Tianjing and five explores housing income levels of residents purchasing power.In the specific analysis.horizontal contrast all income levels of Beijing,Tianjing and Hebei region's urban residents,the housing market will be divided longitudinally new housing,second homes and affordable housing.Combined with horizontal and vertical contrast discusses Beijing,Tianjing and housing purchasing power situation,and on this basis,by linear regression of urban residents' disposable income predict the next five years.household disposable income,then come to Beijing.Tianjing and three provinces dynamic price earnings ratio of different income levels of residents.In addition,the paper by selecting expectations,monetary policy,land policy,protection of housing policy,income five indicators of the effectiveness of Beijing,Tianjing real estate market regulation policy was examined.The following conclusions:First,the housing price to income ratio("PIR")varies in Beijing Tianjin and hebei.Beijing's PIR higher than that of Tianjin and hebei,Beijing area housing price to income ratio gravely deviates from the reasonable interval,the real estate market has bubble.At the same time,the house price of Tianjin and hebei region is quite reasonable.There is a "paradox' phenonmenon in different income groups PIR.namely low-incoe's PIR on the high side,high earner's PIR is low.Second,in the real estate regulation policy effectiveness study,Beijing is mainly influenced by the interest rate monetary policy and the affordable housing policy;Tianjin is obviously influenced by the expectations,the affordable housing policy and income;hebei is influenced by expectations,land policy,housing policy and the income.