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1.1 The background of research

In recent years, the house market of China develop quickly, the investment of house market increase every year, the living space of per urban residents have a quickly increase, as the demand of house increase, the price of house also increase quickly, the speed of  house price increase of some city have beyond imagination, some evens also reports, the foreign funds invest in the house market of China, the speculation also in the house market of China. according some authoritative survey, the speculation buy house ratio increase quickly, and reach to the internationally recognized warning line(20%), to the 16%, in some cities of China, the ratio increase to 30% to 40%, these people buy house only as a investment tool ,not consider the house as a living tool. The speculation make the house price increase quickly, even appear the bubble. The speculation make some people can not have ability to buy house, and lead some others problems, while the house as a based demand of people, if the price of house too high, many people have no ability to buy, this will not promote the consumption, and affect the growth of GDP. After the financial crisis, the government of China began to regulation the house market, and make the price decrease, particularly dampen the speculation, the measure includes increase the tax, increase the interesting of house load, restriction the purchase. provides the affordable house. But not only during the speculative popular from 2003 to 2007, but also after 2008 the restructuring period of house market. The government of China have not make some rules to control the behavior of government, real estate companies, commercial banks and the speculation investors, many experts worry about the house price will similar with the period of 2003 to 2007, so ,now based on the question of control the government, real estate, commercial bank and speculative investors, we must research the behavior of government, real estate companies and speculation investors.  And research whether the house market of China exists the speculation investment? what factors can affect the speculation investment behavior then affect the house price of China. Based on this problems and the conclusions of previous experts , then collect data and make the model, to research the mainly factors that affect the price of real estate, particularly the speculation investment affect the house price, this is important to stability the price of house. Particularly inhibit the peculation investment behavior, and promotion the healthy development of house market in China.

Reference

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