Real Estate Economics ("New Century" Economics Series)

Author: Wang Wenqun
Publisher:
Publish Date: 2003-04-01
Features: The book is divided into five parts and fourteen chapters. The Introduction section primarily defines the basic concepts of real estate economics. On this basis, it elucidates the role and significance of the real estate industry in the national economy and social development by analyzing its functions in the national economy. The Market section reveals the special patterns and operational mechanisms of the real estate market, including the market system and functions, supply-demand mechanisms, pricing mechanisms, and competitive mechanisms of the real estate market. The Investment section discusses real estate investment as the starting point of the real estate economic process and its financing issues, explaining the operations of real estate investment, real estate capital financing, and the functioning of financing markets. The Development and Operation section addresses the production and circulation aspects of real estate, which are important components of real estate economic activities, including the operations of real estate development, real estate business models, and property management services. The Macro-Management section explores macro-control and management measures for the real estate industry to promote its stable, rapid, and healthy development.
The real estate industry, as a special sector, shares common characteristics with general industries in the national economy while also having its own unique development patterns. With the establishment of China's socialist market economy system, the real estate industry is rapidly developing into a significant sector of the national economy, becoming a foundational, leading, and pillar industry in the modern market economy. In the operation of the market economy, it plays an irreplaceable role that other industries cannot match.
The widespread rise of the real estate industry in China has only occurred in the past one or two decades. Revealing the laws of real estate economic operations and their manifestations, 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 explains the fundamental economic theories of real estate. This book examines and discusses various economic phenomena, economic relationships, and operational mechanisms of real estate in areas such as production, exchange, and consumption. I have strived to emphasize theoretical systematicity while giving special attention to operational mechanisms to enhance practical applicability.