The Normal Range of House Price Rising Rate of China
The development of real estate industry is significant to the national economy and the people’s livelihood, and the regulation of real estate is an important content of macroeconomic regulation and is controversial invariably. The key of real estate regulation is the regulation of house price, i.e. to control the rising extent of house price within a normal range. The article calculates the target range of house price regulation in 3σ Method. According to the conclusions, should control the house price rising rate in first-tier cities within [-10.84%, 10.56%], and that in second-tier cities within [-5.13%, 15.99%].The conclusions can provide a theoretical support for the stipulation of real estate regulation policies and the evaluation of the effects of real estate regulation policies.
KeywordsReal Al estate house price regulation normal range
Unable to display preview. Download preview PDF.
- 1.Huang, Z.: Several Theoretical Problems on Bubble Economy and Its Measurement. Financial Research 06 (2002)Google Scholar
- 2.Duan, Y., Tian, P., Zhang, X.: Relative efficiency control fuzzy system. In: Proceeding of the 46’th ISSS Annual Conference, Shanghai, China (2002)Google Scholar
- 3.He, Y., Zhang, B.: Research on influence of macro-regulation on real estate industry in China. Price Theory and Practice (12), 45–46 (2006) (in Chinese)Google Scholar
- 4.Yin, H., Tan, S.: Policy orientation of macroeconomic regulation on Chinese Real estate market. Statistics and Decision (10), 100–102 (2006) (in Chinese)Google Scholar