构建“住房融资租赁+REITs”创新模式培育市场有效需求

Constructing Innovative Model with"Housing Financing Lease+REITs"to Cultivate Effective Housing Demand

我国房地产市场面临着潜在总需求大与当前有效需求相对不足并存、总量过剩与结构性短缺并存,以及住房租赁市场与销售市场间衔接不畅等情况,阻碍房地产高质量发展。作为房地产开发经营的一种运营模式,住房融资租赁经营有着资产安全性强、租期长期稳定、前期投入较小的独特优势,与传统的房地产出租经营和房地产销售方式存在明显差异。本文提出“住房融资租赁+REITs”的新模式,加快实现盘活存量住房、提升居住条件、促进结构升级、实现租售并举等目标,是加快修复房地产市场,推动经济平稳增长的一项创新举措。

China's real estate market is faced with the coexistence of large potential aggregate demand and the relative shortage of current effective demand,the coexistence of total surplus and structural shortage,and the poor connection between the housing rental market and the sales market,which hinder the high-quality development of real estate.As an operation mode in real estate development,housing finance leasing has unique advantages of strong asset security,longstanding and stable lease term,and small investment in the early stage,which is different from the traditional housing leasing and sales.This paper proposes the new mode of“housing financing lease+REITs”to accelerate the realization of goals in revitalizing the housing stock,improving the living conditions,promoting the structural upgrading,and realizing the simultaneous development of rental and sale,which is an innovative measure to restore the real estate market and promote the steady economic growth.