租售比、房价收入比与房地产市场调控——基于区际差异化市场比较的实证分析  

Price-to-Rent Ratio,Housing Price-to-Income Ratio and Real Estate Market Regulation:An Empirical Analysis Based on the Comparison between Regional Market Differences

作　　者：吴福象[1] 姜凤珍[2] 

机构地区：[1]南京大学长三角研究中心,江苏南京210093 [2]南京大学商学院,江苏南京210093

出　　处：《当代财经》2012年第6期80-88,共9页Contemporary Finance and Economics

基　　金：国家自然科学基金面上项目(71173101);教育部哲学社会科学研究重大课题攻关项目(10JZD0025);教育部人文社科重点研究基地重大项目(11JJD790044);教育部"新世纪优秀人才支持计划"项目(NCET-10-0484);教育部人文社科规划基金项目(10YJA790198)

摘　　要：利用租售比、房价收入比指标综合评价我国各区域房地产市场的比价效应意义重大。研究发现:我国的高房价对住房租赁市场有倒逼作用和漫延趋势,租金相对于房价的偏离导致住房租赁市场难以有效支撑住房买卖市场;各线城市房价收入比存在差异,不同收入群体房价收入比存在着悖论并有加剧的趋势。因此,政府必须通过控制房价上涨以切断高房价向人口密集区二手房租赁市场漫延的通道,完善由政府保障、政府支持和市场提供构成的三级住房模式以及收入分配机制,引导市民合理的住房消费观,培植健康的住房租赁市场。It is of vital importance to conduct a comprehensive evaluation of the. comparative ef- fects of China＇s regional real estate markets by making use of the two indexes： the price-to-rent ratio and the housing price-to-income ratio. The results of this study indicate that China＇s high housing price would force all the housing rental markets to increase rents. The deviated rent from the housing price makes the housing rental market difficult to support the real estate market effectively. At the same time, the price-to-income ratio varies in different cities, and there exists a paradox about the price-to-income ratio among the groups with different income levels, which becomes increasingly obvi- ous. Therefore, the government should control the speed of the rising price to cut off the channel of high housing price spreading to the second-hand housing rental markets in densely populated areas, perfect the three level housing mold （which is protected and supported by government and provided by market） and the income distribution mechanism, foster reasonable housing consumption concept a- mong the citizens, and cultivate a healthy housing rental market.

关 键 词：租售比 房价收入比 房地产市场 地区差异化 

分 类 号：F293.3[经济管理—国民经济]