An Empirical Study On The Impact Of Rent And Sale Rights On Housing Price

The policy of renting and selling the same rights was first introduced in Guangzhou in July 2017.The housing rental market in China has been in state of cautious development for a long time.The standard of the rental market is not perfect,and the boundary of interest relationship is not clear.The main purpose of the policy of renting and selling the same rights is to promote the development of China's leasing market.In the traditional Chinese concept,buying a house is always an inherent concept.Renting is generally only used for transition,not a priority for living.Moreover,in the long-term,renters and homeowners in China have been in a state of different rights to rent and sell.Buying a house can enjoy more rights and interests,which allows people have more tendency to buy houses.Therefore,only by breaking the different rights of renting and selling,the renter and the owner of the house can enjoy the relevant rights related to the house,especially the public.The rights and interests of services can truly promote the development of China's leasing market.With regards to the impact of renting and selling rights on house prices,based on the relevant policies of renting and selling rights,the paper analyzes the three aspects of credit rating,house price stability and investment income.Through theoreltical analysis,it puts forward the impact of credit leasing on house prices in the short term.Limited and short-term public service guarantees have limited impact on housing prices and the government's unclear attitude toward rent increases will lead to three assumptions about rising house prices.On the basis of theoretical analysis,empirical analysis of the impact of rent and sale on the house price,through the establishment of a double difference model,inspected the implementation time of rent and sale,the right to rent and sell the city,credit leasing,public service security,economic The influence of the developed level,the purchase restriction policy and other variables on housing prices.We found that the housing price in cities with the same right of rent and sale policy was effectively restrained in a short term.Due to the expected effect in the unimplemented areas,the implementation of credit leasing can curb the rise of housing prices.The higher the economic level of the city is,the greater the impact of the policy will be,and the replacement effect of the rental market on the housing market will promote the decline of housing prices.Based on the conclusions of comprehensive theoretical analysis and empirical analysis,we have carried out various considerations from the aspects of sound credit rating system,perfecting leasing mechanism and developing diversified investment channels,and put forward suggestions for promoting the development of China's leasing market and the stability of house prices.