Study of Real Estate Bubble Measurement

摘要

In the modern economic society, the status and function of the real estate industry is very prominent in the national economy. In this paper, it introduces the method of real estate bubble on the basic of the definition of the real estate bubble and the analysis of the bubble's causes. Especially, it describes two real estate bubble methods in detail, which are the standard value of the housing price to income ratio and the real estate price growth rate/GDP growth rate. Furthermore, it does empirical analysis on Beijing's real estate bubble with two kinds of measuring methods. On the basis of the analysis, there are some problems in the process of Beijing's real estate development. Finally, this paper puts forward five policy suggestions to solve the problem of real estate bubble.