An Empirical Study On The Impact Of Real Estate Credit On Real Estate Price

1998 years,our country has carried out the reform of commercial housing market,since the implementation of the reform and development of China's real estate market long entered the accelerated mode,and gradually become the pillar industry of China's economic development,in GDP accounted for the increase,played a key role in promoting the economic development of China.The housing problem is the relationship between the major issues of housing prices is beneficial to the people's livelihood,related to social stability,the key problem of the well-being of the people.Over the past ten years,the number of China's real estate market commercial housing supply increased,prices have continued to rise,but the rise in prices directly affect the residents' living conditions and life quality,price The rapid growth caused by the abnormal development of the real estate market,and even a threat to our national economy.Data show that from 1999 to 2016 China's housing reform,city commercial housing prices by 2053 yuan / square meter rose to 7476 yuan / square meters,more than three fold.The rising prices the living of the happiness index decline,affect the residents' living standards,the problem of rising prices has become a hot issue of residents in our country and government pay close attention to.Therefore,the Chinese government has adopted various measures to curb housing prices continue to rise,such as the introduction of the restriction order.Even if the introduction of appropriate policy measures,the rising prices for wage earners have appeared bubble,and caused different degrees of negative effects on society.While the rapid rise in house prices,while the residents of new loans mortgages accounted for 90%,this is the impression of the first two months of this year house prices and credit data to the people left,then comes the line of the real estate market a series of tightening policy.With a restriction,limit credit policy more concentrated in a second tier city is different,the purchase of spread to the surrounding counties line.A rapid rise of ring first-tier cities housing prices,is the incentive for the regulation of investment overweight.First-tier cities demand spillover.That is the main reason for boosting the surrounding city land and housing prices rising.As a capital intensive industry,a large part of the real estate is the source of funds from bank credit.But what is the relationship between the two,whether a causalrelationship between the two? In this paper,we will find the answer.The number of loans and the size of this paper mainly gives the real estate from the bank's perspective,focuses on the analysis of study on earth between housing prices and credit exists the relation to the analysis of the relationship between the two adopted analysis method analysis and empirical research combined with the theoretical analysis.On the basis of summing up the relationship between domestic and foreign commercial housing prices and credit,the results will be obtained summary and analysis to explain the price of real estate,mortgage and credit industry development status.Then further discusses the interaction mechanism between bank credit and real estate prices.In order to verify the relationship between the two,this paper through the VEC model of housing price and credit for the empirical research,and concluded: the credit scale of commercial housing prices is caused by a change in the same direction,namely credit expansion will make prices rise,otherwise it would make the decline in housing prices,the impact of individual mortgage loans on housing prices relative to the real estate development loans to affected.Finally,combined with the status quo of the development of the real estate market in China,this paperIn view of the real estate credit,how to restrain the housing price continues to rise the suggestion.