英语论文网

household appliances , furniture, decorative products and tourism, finance and service industries, on a national and regional economy as a whole obviously pulling effect on the national economy, the contribution rate is higher. Real estate can be displayed in a certain period of its sensitivity to macroeconomic performance and future-oriented , is a big indicator of economic development , with the pilot .

The real estate industry is the most special areas of the national economy , whether it is a major boost to other industries , or the extent of its economy and GDP highly correlated , have shown that it occupies an important position in the national economy , so the real estate industry, the process of development in the world are accompanied by government regulation , the regulation of the entire industry norm.

Large amount of investment in real estate development projects , the investment cycle is long, the demand for capital , not only requires its own real estate development enterprises with strong financial strength, but also need good credit and financing capacity.

The real estate industry with high financial leverage effect , the real estate development enterprises invested its own funds at the same time , but also pre- made rolling development through housing funds . This makes the industry boom , the real estate development enterprises returns on capital and freedom of capital gains rate is very high , whereas in the industry downturn, because of financial leverage as a result of the financial risk.

General real estate construction period is two to three years, the real estate development enterprises in the continuity of the business process, if at a certain period of time the lack of new projects , then the corresponding time period in the future there will be a sudden reduction in income phenomenon which affects profits .

Real estate loans are loans and real estate or real estate development, management, and other activities related to consumer loans , including land reserve loans , real estate development loans and individual housing loans, commercial housing loans. Although for real estate developers, lending by national macroeconomic policies , especially the impact of interest rate policy is large, but the bank is still the main channel for real estate financing . Of course, the threshold will be increasingly high bank financing , bank loans in the real estate capital chain will gradually decrease in the proportion of : non-bank financing will accelerate the liberalization of direct financing and securitization financing to accelerate not only the bank to reduce its own risk , only from the United States and other developed countries, real estate finance pattern analysis, the ratio of bank credit is gradually reduced , bank credit derivatives and non-credit classes , and constantly improve the financing endless varieties . The rapid development of the real estate market , a lot of money will naturally enter the real estate market, bank- led model for future major financial markets will face a series of problems , either for business or for individuals .

本文出自无忧论文网：www.51lunwen.org