Study On Virtualization Of China's Real Estate Market

The real estate industry investment under the market economy,the fluctuation of commercial housing prices,and the purchase of residential real estate have always been an economic hotspot and social phenomenon commonly discussed by the Chinese people.Throughout the study of scholars at home and abroad,the research on real estate has a long history,and the research results are also of guiding significance for the development of the national economy.However,we also notice that most of the scholars' perspectives on real estate are the real economy.And selectively ignore the virtual features of real estate.In order to make up for this deficiency,this paper chooses from the perspective of virtual economy,first analyzes the reasons for virtualization,and then measures the development process and existing level of China's real estate virtualization,and finally gives the benign development of China's real estate market.Suggest.Studying China's real estate market from the perspective of virtual economy is of great significance for enriching the theory of real estate investment and giving play to the positive role of real estate in China's economic growth.Based on the theory of virtual economy,this paper first introduces the historical origin of virtual economy,the research results at home and abroad and the path of virtualization of real estate from the theoretical level,and illustrates the virtualization mechanism of capitalization in the real estate market.It plays an important role in the production.Secondly,through a series of chart data since 2000,the basic process of China's real estate virtualization development is the process of transforming from the real economy to the virtual economy.Then,this paper uses the indicator method to measure the virtualization level of China's real estate market.According to the five principles of comprehensiveness,representativeness,independence,accuracy and operability of the index method,the total investment in real estate development/the total investment in fixed assets,the ratio of house price to income,the amount of real estate loans/banking loans were selected.The total amount,the unit land acquisition cost growth rate and the stock of second-hand housing transactions accounted for these five indicators,the level of virtualization of the real estate market in China since 2000-2016,combined with the government's implementation of the control policies at each stage,It has reached the conclusion that the regulation and control effect of the Chinese government's real estatepolicy has been poor for nearly two decades,and analyzes the three reasons for the poor effect of China's real estate policy.Finally,in order to ensure the continued stability of China's real estate industry,the transformation and adjustment of relevant policies is needed.This paper puts forward four suggestions from the central government,local government,real estate industry and bank credit: the first is the macro-control of the central government,the second is the institutional reform of the local government,and the third is the real estate industry.The fourth is the regulation of the banking credit system.