房地产答案英文版房地产答案英版.doc

5.Housing is a special commodity in the long run, the appreciation of the opportunities, but because of its lack of liquidity, leading to the issue of ownership of the real estate market has produced a variety of real estate investment. Such as the transfer of ownership is difficult; increased the scale of investment projects will further aggravate the liquidity problems; investment in large projects, the part of the disposal of the assets will have problems; Finally, due to the lack of big projects available to compare the reference, the use of traditional valuation also the method of valuation problems, as a result of the lack of size and liquidity of the discount value is difficult to calculate. To solve the above problem, an effective method is the real estate investment projects for the implementation of the securitization. Real estate securitization funds need not obtain funds through bank loans, but the direct real estate property rights shift the nature of the securities held by the equity certificates issued by the capital market or money market securities, direct financing to investors mode of financing. There are many benefits to this mode of financing for the development of Chinas real estate industry, and improve the standard of living of the people. The benefits are mainly the following: 1, provide liquidity and enhance the value of assets related to the market, the acceleration of the expansion of market scale and transaction time. Currently, most of the real estate developers and consumers with the mortgages to investment or home buyers. Mortgage interest fixed cash flow as a guarantee, securitization tools can greatly reduce the risk of bank real estate mortgage. Promote the liquidity of the loans, to ensure the security of the loan. The short-term bank loans and long-term real estate investment contradiction can be resolved. 2, risk diversification, securitization portfolio (different assets, different development plans), but also to provide chan