The financial crisis now happening is a global，structural，and long-term crisis，which will have a very far-reaching impact on China’s Economy. The development of the China’s real estate market is not only closely related to China’s GDP，but also to the trends of world’s real estate market. The impact will certainly be Serious in the short to medium term. But in the long run，the China’s real estate market will benefit from China’s urbanization and industrialization process.