using prices have reached 16,000 yuan.
In order to suppress the growth of real estate prices too high too fast, "eight", "ten", "real estate tax rules," "restriction order" and a series of central government have expressed their determination to control prices.
In recent years, the rapid rise in domestic prices, what housing prices is a normal economic development, it still belongs to the real estate bubble? The international community generally generic price earnings ratio on the price is reasonable to judge.
Price earnings ratio = total household housing ÷ total annual income per household
Among them, the total price of housing per household per capita housing area × = average population per household average residential sales price ×
= Total annual income per household average population per household × household per capita annual income of all.
Shanghai Yangtze River Delta area is not only a leading economy, it is the economic center of the country, and the degree of development of Shanghai real estate market is fairly well developed leading, so the research Shanghai's price earnings ratio is typical of our Shanghai from 2000 to 2010 in For data analysis comparing the calculated Shanghai real estate related status quo.
Generally reasonable price earnings ratio range is 3-6. According to the information available that, "Sub-Saharan Africa 1.04 6.95 South Asia, East Asia 4.15 3.06 Latin America and the Caribbean, Europe, the Middle East and North Africa 5.03 industrialized countries 4.7. Specific to the country, the United States was 2.8, 4.8, Canada, the United Kingdom 3.8, Australia 4, Brazil was 5.6. "[5]
Only Shanghai, although the source of the data selection and the international community are not the same, but the price earnings ratio since 2000 has exceeded 6, 2010, has reached 15, so the high price earnings ratio is the cause State government's concern and seriously.
But the high price earnings ratio is not just because the domestic prices artificially high, from 2009 Shanghai residential market in line with the number of ordinary marked residential properties decreased compared with the previous year, nearly half, approaching 45.85% from 81.88%.
The current Shanghai ordinary residential standards are: single set of building area of 140 square meters, within the Inner Ring sets total 2.45 million yuan / sets, between the inner ring and the outer ring 1.4 million yuan / sets, outside the outer ring 980 thousand yuan / sets less than five (including five) multi-level housing, and less than five old-fashioned apartment, new neighborhood, the old neighborhood and so on. According to the data learned Yishoufang area of 6,622,800 square meters, of which there are 876,600 square meters of ordinary residence, Chengdu has not reached even three ordinary housing supply shortage is also reflected in the second-hand housing transaction market.
In addition to general problem of insufficient housing stock, as well as lower primary residential land supply situation. 2007 Residential land of 9,154,200 square meters, the 2009 is 7,920,200 square meters, the supply of housing there is a certain time lag. Coupled with the original must be greater than demand conditions in the housing transaction taxes and fees that occur naturally by the developer passed on to customers, which for the average consumer is not a small burden.
Based on the above analysis can be foun
