The Investment Balance in Real Estate Construction Market and the Balanced Growth in the Case of China’s Housing
The commercialization of real estate makes itself a natural choice for speculative capital. Thus, the market of real estate goes beyond its nature of providing houses for those who need a place to dwell on and becomes a marketing choice for those who hold a big amount of capital. When the capital-pushed market is encouraged by the limited land, it is inevitable that the housing demand exceeds the supply and the price in the market of real estate rises. Under the policy of opening -up economy, the coming up of foreign investors further enhances the rise of price. As a result of marketing, it is reasonable that the price of real estate increases and the froth is produced. To deal with the market failure of real estate, the rise of interest rates would reduce the chance of speculation and the general demand of construction market. The increasing of expenditure on public buildings would also result in the reduction of demand in construction market, which helps to eliminate the froth of speculation as well as avoid the turbulence of economic growth to achieve the equilibrium growth of construction economy.
real estates froth market fa ilure macro regulat ion equilibriu m gro wth
Wu Jianfeng
Hubei University of Technology, Wuhan, P.R.China, 430068
国际会议
4th International Conference on Productinnovation Management(第四届产品创新管理国际会议)
武汉
英文
610-616
2009-08-22（万方平台首次上网日期，不代表论文的发表时间）