美国REITs对中国房地产发展的镜鉴  

Reflection of American REITs on the Development of Chinese Real Estate

作　　者：吴家宝 吴数 

机构地区：[1]上海地优投资咨询有限公司,201401 [2]北京东方美评科技发展有限公司,100044

出　　处：《中国房地产金融》2024年第5期54-61,共8页China Real Estate Finance

摘　　要：我国房地产市场正在从卖方市场向买方市场过渡,面临着诸多问题。为了探索适合我国国情并具有特色的房地产发展之路,促进我国房地产市场平稳健康发展,本文通过研究美国房地产市场发展的历史、美国房地产开发商向REITs转变的过程、美国REITs与房地产投资收益率IRR的关系等,总结了可以借鉴的经验,提出了利用REITs投资工具,满足工薪家庭住房需求、化解地方政府债务风险、建设全国统一房地产大市场等建议。Chinese real estate market is changing from sellers’market to buyers’market and is facing many problems.To explore the road fit for China and keep Chinese real estate market going well,this paper studied the history of American real estate industry,the changing from real estate developers to REITs,and real estate IRR.By the study this paper found the useful experiences,and then present the advice accordingly.The advice is to use REITs as a tool to provide affordable houses,deduct government debt,and build national real estate market.

关 键 词：REITS 投资收益率IRR 住房需求 政府债务 全国房地产统一大市场 

分 类 号：F290[经济管理—国民经济]