On Application of the Price Mechanism in Real Estate Market[J]. Journal of Civil and Environmental Engineering, 2000, 22(5): 59-63. DOI: 10.11835/j.issn.1674-4764.2000.05.013.
At present the contradiction between the supply and demand of the commercial real estate becomes more and more acute. There are two sides of unbalance
one of them relates to the total amount about the supply and demand
the other relates to the structure of them. Either of them can block the circulation of the market and restrict the development of the real estate if any inconsistency happened. The most important reason
which results in the disharmony
in the author's opinion
lies in the inefficiency of the price mechanism in real estate market.