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土地和资金始终是房地产行业永恒不变的两个主题。房地产与资金的关系犹如船和水,水能载舟,亦能覆舟。从整个宏观经济的角度看,在货币市场上决定资金的要素中,利率和汇率扮演了重要的角色。近期,政府出台一系列稳定房地产价格的政策,从政策的取向来看,财税政策、货币政策、产业政策都在房地产的价格调控中起到重要作用。然而,如果仔细梳理当前的政策调控措施,不难发现,在所有政策措施中,金融政策的影响波及面更广、程度更深,利率及汇率调整的产业传导机制将渗透到房地产业的各个环节中,对整个行业的未来变动起到深刻的影响。那么利率和汇率的变动究竟会对整个房地产业产生何种影响?下面我们试图从整个行业产业链的各个环节去分析,逐一理清整个政策的作用效果。
Land and capital has always been the eternal theme of the real estate industry. The relationship between real estate and capital is like a ship and water, water can carry a boat, but also capsize. From an overall macroeconomic perspective, interest rates and exchange rates play an important role in determining the elements of money in the money market. Recently, the government has promulgated a series of policies to stabilize real estate prices. From the perspective of policy, fiscal and taxation policies, monetary policies and industrial policies all play an important role in the price regulation of real estate. However, if we carefully sort out the current policy control measures, it is not difficult to find that among all the policy measures, the impact of financial policies is more extensive and deeper. The industrial transmission mechanism of interest rate and exchange rate adjustment will permeate all aspects of the real estate industry , Has a profound impact on the future changes of the entire industry. Then the interest rate and exchange rate changes in the real estate industry what kind of impact? Here we try to analyze the entire industry chain links, one by one to sort out the effect of the policy.