Ｍａｃｒｏ－ｃｏｎｔｒｏｌ Ｐｏｌｉｃｉｅｓ ｏｎ ｔｈｅ Ｒｅａｌ Ｅｓｔａｔｅ Ｍａｒｋｅｔ：０８ ｖｓ．０９

2008 is a year full of policy changes for the real estate market.Onthe one hand，real estate policies were launched one after another.most frequent in recent years.On the other hand，a major policyshift was emerging，most evident in financial and fiscal policies.Macro-control policies are meant to function as a tool for reverse regula-tion.When the market is overheated，macro policies are used to cool itdown; when the market is down，they are used to stimulate its develop-ment.At present，the central government has basically confirmed itsstand to help the real estate market out.If the market remains down innear future，more favorable policies will be put in place.