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廣州翻譯公司關鍵字：Investment cycle. This is the main features of the movement of funds to the value of the profit cycle for the target movement. Meet the housing needs relegated to secondary status, housing, sellers, buy a house as an investment tool, through real estate transactions, access to investment profits is the goal. Real estate investment activities into a social group activities, premises trading as a sign of the market. This phenomenon, in the 1980s, "Buy American" is a typical example of Japan, the influx of European investment in U.S. real estate market, real estate investment trusts, securitization of real estate loans and other financial innovations, increasing real estate investment function. Hong Kong real estate market also has speculative characteristics. Ring through the performance of investment real estate market price fluctuations, is the alienation of material activities.3 business cycle. Cycling characteristics of the economy is cyclical. Depression - recovery - high - the cycle of crisis, the market operation to adjust and balance function. The real estate business cycle, subject to the law of supply and demand. China since the reforms, the first round of the housing boom began in the coastal areas of reform and opening up, hot zone, the mode of operation of real estate from a planned economy to a market operation mode conversion, the formation of the overheated real estate in 1993, had to carry out macro-control , then the real estate into the nearly five-year adjustment period. 1998 to determine the housing reform policy, is this a hot premises to help drive further deepen the reform of housing system, the housing market in the process, the unit housing the last train effect, expand the opening up of the hot zone, the University Adjust the merger by the elite education to mass education, the expansion of the national economy has maintained rapid growth, nearly four years of stock market investments slump, and jointly promote the real estate market rise. If we say that the 1993 reform and opening-related real estate, urban area expansion and performance of large-scale office building impulse, then this round of rising real estate market is connected with the housing system reform, the rapid performance of the housing market
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