The Infuence Of Housing Loan On Housing Prices In Shanghai

As we all know,China's real estate industry is the economic base of our country and as a pillar industry,to a great extent,it affects the development of cities and other industries.Therefore,the stability of real estate prices is closely linked to the steady operation of China's economy.The rapid rise of real estate prices on the one hand will reduce the consumption capacity of the nation,making housing problems more difficult to properly solve,and then make the national life and social turbulence.On the other hand,it can also make the financial system vulnerable,and even eventually lead to a financial crisis.The reason is that most of the housing loans issued by commercial banks in China are mortgaged by housing.Meanwhile,the proportion of housing loans occupies a higher position in the proportion of all banks' loans.If the future of the real estate bubble,as housing loans accounted for most of the total bank loans,commercial banks non-performing loan rate will be greatly improved,will eventually lead to bankruptcy,or even bankruptcy,eventually the consequences of a kind of like the American subprime crisis in 2008,triggered by the financial crisis.In this paper,the rapid growth of housing prices in Shanghai as the background to explore the reasons behind the rise of housing prices too fast.This paper first studies,reviews and summarizes the relevant literature at home and abroad.Then it explains the concepts of real estate,real estate price and bank housing loan.And on this basis to analyze the development of the housing market in Shanghai.Secondly,combined with the use of real estate related theory,analyzed from the perspective of housing loans,housing loans on real estate prices in Shanghai,to analyze the factors selected in this paper,this paper selects six variables,the cumulative value of Shanghai real estate GDP / Shanghai GDP cumulative value.The average price of Shanghai,Shanghai CPI year cumulative,Shanghai residential land supply,theinterest rate of the Shanghai new foreign individual housing loans and housing provident fund loans,the average price of Shanghai is selected as the explanatory variables,the final results show that Shanghai new foreign currency housing loans and housing provident fund loan interest rates on housing prices in Shanghai are the most impaction on the price of house.Finally,according to the theoretical and empirical findings,we draw the corresponding conclusions and make some suggestions to promote the healthy and stable development of Shanghai's real estate market.Through the above theoretical and practical analysis,combined with the results of empirical tests,combined with the current situation of China's real estate market and national policies,finally,this paper puts forward some related suggestions,hoping to contribute to the related research in this field.