Methods of Curbing Beijing's Outrageous Real Estate Price
Yuansuo Zhang
Abstract
Yuansuo Zhang
Abstract
Starting from analyzing Beijing's current housing price to income ratio,this paper studies the law of changes and relations among housing price,population and built-up land scale and comes to the conclusion that the three of them are highly positively related.On the basis of these,this paper propose policy suggestions such as clarifying if there exists bubble in housing price,reconstructing reasonable residents market pattern and speeding up the collection of graded real estate tax to promote effectiveness of land resource utilization.
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Starting from analyzing Beijing's current housing price to income ratio,this paper studies the law of changes and relations among housing price,population and built-up land scale and comes to the conclusion that the three of them are highly positively related.On the basis of these,this paper propose policy suggestions such as clarifying if there exists bubble in housing price,reconstructing reasonable residents market pattern and speeding up the collection of graded real estate tax to promote effectiveness of land resource utilization.
Key concepts: Beijing, Real estate, Price on application, Population, Resource (disambiguation), Economic bubble, Business, Scale (ratio)