Study On The Relationship Between Bank Real Estate Loan And Real Estate Price

In China,real estate industry is a principal industry of the national economy.It has played a key role in China's economic growth over the past two decades.The consequence is the increasing price of housing and the contradiction between supply and demand in the real estate market.In order to promote the healthy development of the real estate market,the government has been making every effort to adopt policy measures to stabilize the real estate market and control estate prices.As a very important source of funds for the real estate industry,bank credit plays an important role in the real estate industry.It is of strong practical significance to study the interaction between bank credit and real estate prices.This paper studies the relationship between bank real estate loan and real estate price by combining theory with practice.Based on the evaluation of relevant literature,the paper analyzes the current situation of the real estate industry and the theoretical mechanism of the interaction between bank credit and housing prices.The empirical part analyzes the relationship between the bank credit scale and the real estate price by establishing a VAR time series model and a panel VAR model,and analyzing the impulse response function and variance decomposition results.The results of this study show that:1.There is a long-term positive interaction between bank credit scale and real estate prices,and there is positive feedback between them.2.In the short term,real estate prices have a negative impact on the scale of bank credit,and then the overall impact turns to positive.The turning point is around the third month.In the short term,bank credits have a positive stimulus to estate prices.3.In recent years,the interaction between bank credit scale and real estate prices in China's real estate market has been basically consistent with the whole,and no substantial changes have occurred.In order to promote the healthy development of China's real estate market,the government should adopt more prudent monetary and credit policies.At the same time,in the regulation of policies,attention should be paid to adjusting the supply and demand structure of the real estate market.The real estate tax policy can be used to curb the speculative or investment demand for housing purchases.