摘要
由于缺乏"做空"机制,房地产市场的运行具有"单边市场"的特征,只能"做多",不能"做空"。房地产市场具有房地产供给滞后和房地产需求中真实需求和投机需求分离的特征,造成了房地产市场调节的非对称性,需求上升时房价上涨,需求下降时则以空置率取代价格成为房地产市场"出清"的主要手段。房地产需求、房地产价格和房地产金融之间具有正反馈机制。房地产消费使用的真实需求通常仅影响到租赁价格。除房地产金融资源因素外,宏观经济和产业结构情况、市场预期心理,以及管制政策变动等都会使房地产价格发生周期性变化。房地产市场的运行规律,天然需要我们加强预测和干涉。
The real estate market is a single-direction market. The real demand separates from the speculating demand, and instead df the price, the vacancy rate is the main means to clean the real market when the demand decreases. There is a positive feedback mechanism among demand, price, and finance in real estate. Besides the factor of real estate finance, macro-economy and industry structure, anticipation psychology in market, and management policy make prices of real estate periodical change. The running law of real estate market demands us to strengthen the forecast and interfere.
出处
《南都学坛(南阳师范学院人文社会科学学报)》
2007年第5期105-108,共4页
Academic Forum of Nandu:Journal of the Humanities and Social Sciences of Nanyang Normal University
关键词
房地产市场
房地产价格
房地产金融
real estate market
real estate price
real estate finance