2000•Journal of Shandong UniversityRequires access
On Real Estate Trade and Lease
Qingfen Zheng
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Abstract
The nature of real estate trade is real estate property trade.The supply and demand of real estate form the real estate lease market.The supply and demand of real estate proprietary rights form the real estate buying and selling market or real estate rights market.The market equilibrium of real estate lease and rights market affected by three elements,including real estate leasing capital cost,the supply and price elasticity of real estate lease and buying,the real estate development period.No-equilibrium real estate leasehold market and sale market directly affect the efficience of entire real estate market.