China's real estate market belongs to"policy market", the government introduced a series of depth-control policies in 2011.From February, the "restriction" to the "credit limit", to raise interest rates three times during the year, deposits increased reserve ratio six times and other policies, the policy can be said that in 2011 the introduction of the most concentrated, the most severe,persistent longest of the year. "Restriction order" extended to second and third tier cities, limited credit policy further out of part of the effective housing demand,accelerate real estate market steep turn down, speculative, investment demand is out,improvement and first -time home buyers limited demand was met, the stock of a strong housing market of consumers waiting to see atmosphere and look forward to a substantial decline in housing prices,the purchase is expected to freezing point,low turnover, the whole year housing stock transfer less than 100 000 units, less than half of 2009, showing the extremely downturn trend in 2008. In contrast, the strong rental demand have helped push volume and price go, turnover record highs in 2011's rental market. <<