History of real estate development

Development history of China real estate market

The first stage: theoretical breakthrough and pilot start-up stage (1978 to 199 1 year). 1978, the theoretical circle put forward the viewpoint of housing commercialization and land property rights. From June 65438 to September 0980, Beijing Housing and Construction Department took the lead in listing, and Beijing Urban Development Corporation was established, which started the comprehensive development of real estate.

1982 the State Council launched a pilot project to sell houses in four cities. 1984, Guangdong and Chongqing began to collect land use fees. The period from 1987 to 199 1 is the initial stage of the real estate market in China. 1987165438+1On October 26th, the Shenzhen Municipal Government conducted the first public tender for the transfer of housing land. 1990 Shanghai housing reform plan was introduced, and the housing provident fund system began to be established. Since 199 1, the State Council has successively approved the overall housing reform plans of 24 provinces and cities.

The second stage: irrational speculation and adjustment promotion stage (1992 to 1995)

65438-0992, the housing reform started in an all-round way, and the housing provident fund system was fully implemented. 1993 "housing project" started. After 1992, the real estate industry grew rapidly, with the highest monthly investment increase as high as 146.9%. The real estate market in some areas was once chaotic, and there was a more obvious real estate bubble in some areas.

1After the macro-control at the end of 1993, the investment growth rate of the real estate industry generally dropped sharply. The real estate market began to recover after a period of downturn.

The third stage: relatively stable and coordinated development stage (1995 to 2002)

With the deepening of housing system reform and the improvement of residents' income level, housing has become a new consumption hotspot. After 1998, with the cancellation of the housing physical distribution system and the implementation of the mortgage policy, real estate investment entered a period of steady and rapid development, and the real estate industry became one of the pillar industries of the economy.

The fourth stage: In the new stage since 2003, prices have continued to rise and a number of regulatory measures have been introduced.

Since 2003, house prices have continued to rise, and the sales prices of houses in most cities have risen sharply. Subsequently, a number of regulatory policies for the real estate industry were introduced.

The earliest is 1978, which has gone through 30 years.

Extended data:

In 20 12, the inventory of top 500 enterprises in China has reached 4,994.5 billion yuan (more than 20 1 1 0% of China's GDP)? Average inventory increased by 50.34% year on year? The growth rate further increased by 6.47 percentage points compared with 20 10? The average inventory of each top 500 real estate enterprise has reached 9.989 billion yuan? Set a record high.

Zhong Wei, director of the Financial Research Center of Beijing Normal University, once told the media? It is estimated that? In 20 12 years, the capital cost that developers need to pay for housing inventory is about 345 billion yuan? 20 1 1, the profits of the whole real estate industry also exceeded 500 billion yuan. 20 13 house price trend analysis. What if the sales volume of 20 12 drops again? Then the real estate industry as a whole will be close to the edge of breakeven.

Based on this, estimate the real estate trend in 20 13 years? How long did the real estate enterprise last? If real estate developers can survive 20 12? Then 20 13 China's housing price trend will inevitably lead to a big crash.

The latest data of China Statistics Bureau, 20 13 housing price trend analysis? 20 12 1- February? The national investment in real estate development is 54.31100 million yuan? Year-on-year growth of 27.8%? Among them, the residential investment is 37 13 billion yuan? An increase of 23.2%? The building area of real estate development enterprises in China is 394,906,5438+10,000 square meters? Year-on-year growth of 35.5%? Among them, the residential construction area is 2,976.05 million square meters? It increased by 32.8%.

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