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中国的房地产业在其发展的十几年中共经历了两次高速发展时期。上世纪初,伴随着中国经济进入高速发展时期,房地产行业开始真正起步。政策的导向加上需求的增加使当时有大量的资金流入房地产行业,在1993时房地产业进入了第一次高速发展时期。紧接着就是由于中央开始治理整顿经济过热,投资和住房规模一路下滑,1996——1997年到达了谷底;但从1998年开始,房地产业的增长有一个非常快的上升,当年就达到最高点,整个住房投资和住房开工量超过了
China’s real estate industry experienced two periods of rapid development during its ten years of development. At the beginning of last century, with the rapid development of China’s economy, the real estate industry started to really start. Policy guidance coupled with increased demand so that there was a lot of money into the real estate industry, in 1993, the real estate industry has entered its first period of rapid development. Followed by the central government began to rectify the overheating economy, investment and housing all the way down, from 1996 to 1997 reached the trough; but since 1998, the real estate growth has a very rapid increase, then reached its highest point, The entire housing investment and housing starts exceeded