Real Estate Regulations Set to Control Housing Prices
According to the Housing and Urban Policy Research Center said that future of the real estate regulation will continue to stick with their control of the investment demand, the control of housing prices without wavering, increase the supply of affordable housings, enhance quality development and transition adjustment to real estate companies to respond to market changes.
The center said that the core of the regulation policy is to maintain control of the investment demand while pushing up housing prices to a reasonable level. This will make the disposable income growth to be in par with the level of housing prices. Even if there will be an increase in the construction of affordable housing units done to meet the supply of commercial housing, it will still meet the demand of the market.
The short term effects during the last quarter of last year showed that the main policy implications was the result of the intervention and not the because of the market regulation behavior. To further safeguard the continuity of the controlling effect in the market experts are saying that the policy should not be relaxed.