Price adjustment and price change in cities

Experts pointed out that regulation can not only consider the local economic development goals, regardless of the residents ' ability to pay in the "State Council on further good real estate market regulation work related issues Notice" stipulates that the city people's government should reasonably determine the region's annual new housing price control targets, and in the first quarter to the public. Now, the deadline will come, announced the target of housing price control in addition to the 22 in Shanxi Province, the remaining less than 10, and the target rate of housing prices and local GDP growth and so on linked, mostly around 10%.　　Close to last year's average annual rate of increase in housing prices caused controversy--10% the price of space is "limit standard" or "Price standard"? More than a quarter of the city announced the target of house price regulation is near the end of 10%, except for some two or three-line cities to lead the announcement of regulatory targets, the rest of the city's targets have not been issued. As of March 24, more than 20 cities in Dandong, Yinchuan, Elm, Foshan, Shenyang, Guiyang, Kunming, Yueyang and Shanxi Province have announced control targets.　　The goals are mostly tied to local annual GDP or per capita disposable income targets.　　--Yinchuan stipulates that the increase in the price of newly-built commodity housing in 2011 is controlled by the increase of disposable income per capita of urban residents in that year, and the annual per capita disposable income of urban residents is increased by more than 10%.　　--Foshan stipulates that 2011 new housing prices rose no higher than GDP growth rate, its 2011 GDP target of 12%.　　--Taiyuan stipulates that the annual price increase of new commodity housing in 2011 does not exceed the annual GDP and per capita disposable income of the city, and its GDP is expected to rise by 13% this year.　　--Kunming stipulates that the price rise cannot exceed the per capita disposable income growth level, and its annual per capita disposable income of urban residents is expected to increase by more than 10%.　　--Shenyang has determined that the price index of newly built housing prices is lower than that of the urban per capita disposable income and economic growth rate of the year, and the target of 2011 per capita disposable income and GDP growth of urban residents is 12%.　　In addition to the above cities, the other has announced the price control targets of the urban housing control targets are basically around 10%.　　At present, the introduction of "State 8" rules of the city has dozens of, but the vast majority of cities are still slow to announce the target of property prices, especially in Beijing, Shanghai, Shenzhen and other real estate first-tier cities, there is no announcement of the goal of price control. Experts question whether this is a "limit standard" or "Price increase standard" "This is not from the control target into a price increase target?" Now if every city will set the target in 10% or so, will inevitably form a price to rise in the psychological expectations, to break the already appeared housing prices into a stable or downward trend.　　"said Han Shitong, a researcher at Peking University's Center for Public Economic Research. Han Xi with the analysis that Foshan, for example, after several years of rapid growth, Foshan house prices have been high. In the case of such a large base, it was also enacted 12% toObviously unreasonable.　　One or two-line cities should maintain a stable housing prices, it is better to have a small decline, this is more reasonable.　　In his view, the Government has introduced such a loose insurance goal, on the one hand, in order to meet the requirements of national regulatory policies to avoid being held accountable, on the other hand, to maintain the heat of the real estate market is still dependent on "land finance" factors. Such "limit" does not take into account the ability of residents to pay although "State 8" mentioned, "2011 City People's government in accordance with the local economic development goals, per capita disposable income growth rate and housing affordability, reasonable determination of the region's annual new housing price control targets."　　However, in the current practice, the city which regulates the target of house price control only considers the local economic development target or the growth rate of the per capita disposable income of the urban residents, and does not consider the housing affordability.　　Yang Hongxu, head of Shanghai's comprehensive research Department of Real Estate, said that if the residents could not afford the current housing prices, even if the growth of house prices is controlled by GDP or per capita disposable income growth, people still can not afford housing. In the interview, some of the industry also said that the current central regulation of real estate policy has not only "curb the excessive price rise", more proposed to let house prices back to a reasonable level of the goal. Therefore, restricting the increase is only part of the real estate regulation, so that some cities in the rational correction of house prices should also be justified. The reason for the announcement of the goal of price regulation is to guide the market expectations and avoid giving the investment and speculators a space to speculate on the policy.