The increase of housing price in big cities of China-assignment代写

下面为大家整理一篇优秀的assignment代写范文- The increase of housing price in big cities of China，供大家参考学习，这篇论文讨论了房价上涨的原因。春节过后，一些一线城市的房价一直在疯长。而房价上涨的原因主要跟刚性需求、房地产开发成本上涨以及抵押贷款有关。随着城市化政策的不断发展和国家的日益壮大，刚性需求的增长永不止步，抵押贷款也在蓬勃发展。而且随着现有资源的减少，房地产开发成本也一直在增长。这些因素都导致了房价的进一步上涨。

One day’s delay, one million’s away. That’s not a slogan of the real estate advertisement, but a real situation happening in Chinese real estate market. After the Spring Festival, the housing price in some of the first tier cities has been increasing crazily, especially in Shanghai, the price of an apartment could increase by 4 million just in a week’s time. And let’s also have a look at the housing price in Guangzhou, according to the data from data.gz.focus.cn①, compared with the price in December 2015, the housing price in the first season in 2016 increased by 4000 per square meter. The housing price is bound up with everybody living in the city. Most of the working classes can hardly afford a house, even do, they need to spend several decades to pay off the mortgage loan. More and more people complaint about,” Why does the housing price keeps increasing and never stops? ” In the following paragraphs, the reason why Chinese housing price in big cities soars will be analyzed in these three aspects: the rigid demand, the cost of developer and the mortgage.

First, rigid demand is one of the main causes of housing price increase. The rigid demand of buying a house largely drops the after 70s, 80s and 90s. For after 70s and 80s, most of them still live in the house without elevators, their parents are getting old and cannot afford to climb staircase, therefore, they will have the demand to buy a new house with elevators for their parents’ convenience. For the after 80s, most of them gave birth to their first baby, and some of them are going to have the second one, as the number of family members are increasing, they also need a larger house. For the after 90s, they are getting mature and approaching the age of marriage. As the new generation, most of them are not willing to live with their parents and squeeze in a little house. And for the men, owning a house is just like a premise for marriage, as it can give their life partner a sense of security. Moreover, as Chinese government now is implementing the Urbanization policy, more and more man power is moving from the countryside to the city. According to The report of Chinese urbanization in 2012② released by the Chinese Academy of Science, in 2011, the country’s urbanization broke 50% for the first time, reaching 51.3%, and now it’s much higher than that. Therefore, it is sure that the population in the first tier cities will only become larger and larger, which will boost the housing price to a new height.

Second, the rising cost of real estate development is another important reason that causes the increase of housing price. Initially, the land resources and urban space are limited. Nowadays, the development of big cities is reaching a saturation, real estate developers have to spend a large amount of money to bid for a land. In some districts of Guangzhou, the land price has been up to twenty thousand RMB, let alone the housing price. Furthermore, the engineering cost is going up. On one hand, with the development of the society, the cost of life expense is rising, the workers will require higher salary to survive in the city. On the other hand, the cost of construction materials is increasing as well, because the raw materials are limited and the exploration cost is higher than before. In other words, to complete a commercial and residential property project, the burden on the real estate developers’ shoulder is much heavier. However, developers will not run their business at a loss, thus, the cost of development is shifted to the consumers.

Third, the influence of mortgage on housing price cannot be ignored. Mortgage offers the people with rigid demand a way to own a house without paying in full at a time. Generally speaking, most people, especially the after 80s and 90s, cannot afford to pay for their property in full, as their fortune accumulation is limited. Thanks to the appearance of mortgage, they only need to pay for the down payment, and repay the mortgage month by month later on. Although life in debt is not easy, at least, they can have a house to live in. Mortgage also offers the property speculators an opportunity to earn more money. Nowadays, the policy for property trade is eased, the trade of property is allowed as long as the house owner has the property certificate, even though the mortgage is not paid off. Property speculators make good use of this policy and buy houses with rising price potential with down payment. As the rigid demand is growing and the urban space is limited, people with fortune will have a fierce competition for a pleasant house. At this time, the property speculators increase the price and sell the property to those who can afford it and take the advantages of price variation. Apart from that, besides the bank, many internet finance organization spring up, which offers larger amount mortgage with easier applying procedure, which attracts more and more people to apply for a mortgage. The growth of mortgage shows the increase of purchasing power, which largely stimulates the rise of housing price.

All in all, the increase of housing price in big cities of China is a trend in Chinese real estate market. The growth of rigid demand never stops as the urbanization policy is going on and the country is developing. The mortgage is booming. The real estate development cost is growing as the available resources are reducing. “One day’s delay, one million’s away” will become common in the future. It seems that the only way for the young generations to afford a house is to work harder and become the slave of the mortgage, or waiting for the support, regulation and control from the government to come.

Bibliography:

①Data Source: http://data.gz.focus.cn/

②The report of Chinese urbanization in 2012, Niu Wenyuan, Science Press, 1st September 2012.

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