Abstract: this paper mainly analyzes the overall situation of the development of the commercial housing market and the structure characteristics and the essential characteristics of real estate market in China and fifteen factors influencing prices, the following conclusions and judging: most of the housing stock in China similar to the non-tradable shares of the stock market, the rest of the circulation of second-hand housing, especially the central city of secondary resources along with the advancement of urbanization, more and more scarce, easily manipulated by forces of speculative investment, appear irrational rise; The rise of China's real estate prices is structural and the result of the combined influence of 15 factors. There is no systematic real estate price bubble in China. As a result of cultural traditions and family planning policies, the commonly used price-to-income ratio and price-to-rent ratio are not applicable in China today.

Key words: Real Estate, Market Characteristics, Influencing Factors

摘要： 本文重点分析了我国商品房市场发展的整体状况和结构特征以及我国房地产市场的本质特征和影响房价的十五个因素,得出以下几点结论与判断:我国大部分存量住房类似股票市场的非流通股,剩余的流通二手房,特别是中心城区的二手房资源随着城镇化的推进,越来越稀缺,极易被投资投机势力操纵,出现非理性上涨;我国房地产价格的上涨是结构性的,是十五个因素综合影响的结果,全国范围内并不存在系统性的房地产价格泡沫;由于文化传统和计划生育政策的影响,用惯用的房价收入比和租售比来衡量房地产泡沫,不适用于当下的中国。

关键词: 房地产, 市场特征, 影响因素