Research on Characteristics of Real Estate Price Bubbles in China

To illustrate the Chinese real estate market bubbles' situation and trends, analyze relevant characteristics and structural features, this research used qualitative and quantitative research methods, and focused on statistical analysis of housing prices in major cities and the whole country, like the growth rate of economic and price, the price earnings ratio and other data. Basing on the relevant literature at home and abroad, this results showed that there is a small deviation of China's overall economic development and the real estate index, individual cities is relatively large but still acceptable. Chinese real estate market bubble is not serious, because of irrational economic growth, super city agglomeration effect, short-sighted real estate regulations and deformity housing concept, consumers would feel house price is too high.