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当前房价变动过程中,主要的不确定性来自于政策面。房地产政策不动摇的同时有效促进普通商品住房的建设,房价保持目前的合理回归走势可能性极大2003年以来,中央出台了一系列房地产调控政策。从调控政策的方向看,2003年以来房地产调控可分为3个阶段:第一阶段是2003年3季度至2008年3季度,调控政策方向是控制房地产投资过快增长和房价过快上涨;第二阶段是2008年4季度至2009年4季度,调控政策方向是鼓励住房消费和房
The current major changes in housing prices, the main uncertainty comes from the policy side. Real estate policies unswervingly promote the construction of ordinary commodity housing while effectively promoting the current trend of reasonable returns to maintain a tremendous potential. Since 2003, the central government has promulgated a series of real estate control policies. From the perspective of regulatory policies, the real estate regulation and control can be divided into three stages since 2003: the first stage is from the third quarter of 2003 to the third quarter of 2008, and the direction of regulatory policies is to control the rapid growth of real estate investment and the rapid rise of house prices; The second phase is the fourth quarter of 2008 to the fourth quarter of 2009, the direction of regulatory policies is to encourage housing consumption and housing