房地产业发展的根本出路在于体制改革

1998年中国商品房市场化改革为中国房地产业和中国经济带来了十余年的高速增长.近年来,中国房价的过快上涨,根本原因不在于人多地寡,也不在于住房需求快速增长,更不在于投机盛行,而在于土地供给的非市场化.中国房地产业要实现稳定健康发展,就必须实行彻底的市场化改革.一是要改革单边垄断的土地供给制度;二是要改革财权与事权不对等的财政分税体制;三是要改革政府行政管理体制,减少不合理的行政干预.改革可以从以下五个方面进行:一是建立公平公正的法治环境;二是培育多元的土地供应主体,有效扩大土地供给;三是需要将地方政府税源长期化,改变地方政府的土地财政利益导向;四是需要政府加大保障性住房建设并实行公平、公开、公正的分配;五是需要慎用行政手段,不断完善市场机制,充分发挥市场在资源配置中的主体作用

Structural Reform is the Fundamental Way of Real Estate Development

The housing reform that started in 1998 ushered in a ten-year period of rapid growth for both the real estate industry and China’s economy as a whole.The soaring housing prices in recent years have resulted from the non-market pattern of land supply instead of the imbalance between demand and supply and rampant speculation.To ensure the healthy development of China’s real estate industry,a thorough reform has to be carried out in the following areas,the land supply sector which features monopoly,the tax distribution system between the central government and the local ones,and government interventions.The following specific measures are recommended,to foster a legal environment of the industry featuring fairness and impartiality,to allow diversity in land supply,to develop sustainable taxation sources for local governments,to strengthen the construction of affordable housing and guarantee a fair,open and impartial distribution of it,and to be prudent in administrative inventions and give full play to market mechanism in resource allocation.