Introduction 介绍
房地产行业一直是香港经济的支柱之一，占本地生产总值的20％，反映了香港的经济（回，2012）。 自1969年以来，香港的房地产行业经历了四个完整的波动周期：1969 - 1975年，1976 - 1985年，1985 - 2003年，以及2003年迄今（2012年）。 本文将主要探讨香港房地产市场波动的原因，为香港房地产行业研究提出研究思路和研究依据。Real estate industry has been one of the pillars of Hong Kong’s economy, it accounts for 20% of the GDP and is a reflection of Hong Kong's economy (Hui, 2012). Since 1969, real estate industry in Hong Kong has gone through four complete fluctuation cycles: 1969-1975, 1976-1985, 1985-2003 and from 2003 to date (Hui, 2012). This essay will mainly explore the reasons for the fluctuation in Hong Kong’s property market to bring forward research ideas and research evidence for research on the real estate industry in Hong Kong.
Analysis
Demographic factors
Macroeconomic impact
Industry monopoly
Government regulation
Conclusion 总结
香港的房地产市场已经自1970以来经历了四次大的波动周期。造成周期性波动的原因包括人口因素、宏观经济影响、行业垄断、政府管制和金融市场。房地产价格非理性上涨和下跌对香港的经济是有害的，因此如何防止未来香港房地产行业的波动可以采取五个方面的考虑。The real estate market in Hong Kong has already undergone four major fluctuation cycles since 1970. Reasons leading to the cyclical fluctuations include demographic factors, macroeconomic impact, industry monopoly, government regulation and financial market. Irrational rise and fall in property prices are harmful for the Hong Kong economy, therefore how to prevent fluctuations in the real estate industry in Hong Kong in the future can take the five aspects into consideration.
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