论我国房地产投资现状.docVIP

论我国房地产投资现状 摘　要 房地产投资之所以持续快速增长，最重要的原因是住房制度的住宅商品化改革使企事业单位逐步退出了非个人住宅投资领域，使房地产开发企业逐步成为社会商品住宅的供应主体。鉴于2004年房地产住宅投资在城镇非个人住宅投资中所占比重已达到88%，在全社会非个人住宅投资中所占比重也达到84%，房地产住宅竣工面积占城镇非个人投资住宅竣工面积的比重已接近98%，在全社会非个人投资住宅竣工面积占所占比重也达到近86%，房地产住宅投资已基本替代企事业单位成为城镇住宅投资的主体，房地产住宅投资的未来发展趋势将完全取决于城镇居民住房需求的发展趋势，决定城镇居民住房需求的因素亦即决定未来房地产住宅投资发展趋势的因素，这些因素包括住宅投资的周期性波动、居民可支配收入、城镇人口与城市化进程以及住宅销售价格和房屋租赁价格和宏观调控政策等。另一方面, 由于贷款难度加大, 使开发商面临开发资金紧张和还贷的双重压力, 不仅会迫使开发商调整价格策略, 以维持企业的有效运转, 同时也推动有关方面加大金融创新的力度。上述制度性变化所产生的效果已经显现出来, 据有关人士透露, 目前已经有一些处境困难的小房地产公司, 为了避免破产而积极寻找大企业收购。从根本上讲，最重要的是先建立一个规范的房地产运作市场我国房地产开发的风险不在开发商的数量上, 而在于不公平竞争上。目前各地针对土地供应、出台了不少政策, 但是其中相当部分带有明显的行政强制色彩, 对市场的作用重视不够, 其实关键在于建立公平竞争的环境, 而不是强迫开发商服从政府意志, 如果通过行政手段强制性地推行某些政策主张, 不仅无助于降低市场风险, 反而加重市场的扭曲, 导致更大的风险。可取的政策导向是化解结构性矛盾, 增加市场的公平性。 关键词： ; 投融资体制;投资; 分析 Abstract Real estate investment has been sustained, rapid growth, the most important reason is residential commercialization of the housing system reform of enterprises to gradually withdraw from the residential area of ?? investment for non-personal , real estate development enterprises to gradually become a society of commodity housing supply main.?In view of the 2004 real estate residential investment in the residential investment in the urban non-personal proportion has reached 88% in the non-personal residential investment for society as a whole, the proportion reached 84% completion of an area of ??residential real estate accounted for the completion of the town non-personal investment in domestic?the proportion of the area is close to 98 percent in the completion of the non-personal investment in domestic society as a whole, the area of ??accounting for the proportion of nearly 86%, real estate residential investment has basically replaced the investment?factor that is the trend is expected to depend on the development trend of the housing needs of urban residents to determine the housing needs of urban residents determine future residential real estate investment trends, and factors , these facto