In The Context Of Supply-Side Structural Reform:Influence Of Interest Rates And Revenues On Real Estate Price Fluctuations

The property industry is the pillar industry in national economy.The price fluctuation of property industry has great influence on economic growth,financial stability,social harmony and people's well-being.Since 1993,china has introduced several policies to lead the development of the property market.The regulatory policies have become more and more precise,the tools have been diversified and the enforcement has been strengthened.Influenced by many factors,the property market in the development process encountered several problems.The overall trend of china's property market increases too fast and continually even when government tries to suppress this phenomenon.In recent years,the price-income ratio and housing opportunity index indicate that china's property price bubble has been formed and gradually expanded.Against this background,we can neither place too much pressure on house prices,nor let things drift.It is a challenge for china's policymakers.They need to figure out how to maintain the basic stability of housing prices while promoting its sustainable development.Therefore,it is necessary to carry out in-depth analysis and research on the impact of interest rate and tax on property price fluctuation,and provide reference for relevant policies.This thesis focuses on the influence of interest rate and tax on the fluctuation of property price.Combining with the actual situation and applying the effectiveness of the model test policy,finally came to the conclusion.The introduction part is about the background,significance and unsolved key issues of the thesis.With detailed data it also analyzes the historical changes of the property regulation and control policy in china,studies the changing law of property policy,and explores the policy intention behind it.First introduces the present situation of interest rate and tax reform under the background of supply-side structural reform.Secondly,combining with interest rate,tax,real estate price review,theoretically analyzed the impact of interest rate and tax on real estate price fluctuations.Then,combined with the multiple regression models,analyzes the influence of interest rate and tax on property price fluctuation.Finally,according to the research results of this thesis,related policy suggestions are introduced.