Real estate economics

Author: Wang Wenqun
Publisher:
Publish Date: 2003-04-01
Features: The book is divided into five parts and fourteen chapters. The Introduction part primarily defines the basic concepts of real estate economics. Building on this foundation, it elucidates the role and significance of the real estate industry in the national economy and social development by analyzing its functions. The Market part reveals the special laws and operational mechanisms of the real estate market, including the market system and functions of the real estate market, as well as the supply-demand mechanism, pricing mechanism, and competition mechanism of the real estate market. The Investment part discusses real estate investment and financing, which serve as the starting point of the real estate economic process, explaining the operation of real estate investment, real estate capital financing, and the functioning of the financing market. The Development and Operation part addresses the production and circulation of real estate, a vital component of real estate economic activities, including the operation of real estate development, real estate business models, and property management services. The Macro-Management part explores macro-control and management of the real estate industry and its measures to promote the stable, rapid, and healthy development of the real estate economy.
As a unique industry, the real estate sector shares common characteristics with other general industries in the national economy while also having its own development. With the establishment of China's socialist market economy system, the real estate industry is rapidly evolving into a significant sector of the national economy, becoming a foundational, leading, and pillar industry. In the operation of modern market economies, it plays an irreplaceable role that other industries cannot fulfill. The comprehensive rise of the real estate industry in China has only occurred in the past one or two decades. Revealing the laws and manifestations of real estate economic operations, as well as studying the changes and development of the real estate industry in China, will play a crucial role in accelerating China's industrialization, urbanization, and modernization, adjusting industrial structures, optimizing resource allocation, improving consumption structures, enhancing people's quality of life, and promoting the sustainable development of the real estate industry.
Real estate economics is an applied economics that studies and elaborates on the fundamental economic theories of real estate. This book examines and discusses various economic phenomena, economic relationships, and operational mechanisms of real estate in fields such as production, exchange, and consumption. The author strives to emphasize theoretical systematicity while giving special attention to operational mechanisms to enhance practical applicability.