不動產金融法制對於商業活動影響之研究

The Effects Of Real Estate Regulatory Systems On Commercial Activities

不動產對於經濟成長具有指標性與連結性，在金融市場國際化與市場自由化之趨勢下，我國金融市場之競爭日益激烈，特別是我國在加入WTO 後的金融環境變化與對市場需求改變。如亞洲金融風暴發生於1997 年，各國經濟與不動產商業活動遭受嚴重衝擊；又2008 年美國雷曼兄弟銀行宣告破產，引發次級房貸危機風暴並蔓延至世界各國；可鑑於不動產金融與商業活動，已由單一領域邁向區域性與世界型。世界重要國家對於不動產經常以各種金融措施，作為調節不動產商業活動，落實合理穩定之金融法制乃成為重要課題。為此，本文特強調以健全金融組織法制運作，以促進不動產商業活動；強化法制層面，如：完善稅制調和不動市場價格、普及不動產金融證券化促進多元不動產商業行為、活化不動產信託制度保障不動產所有人權益等，並研究其對於商業活動之影響。

Real estate is good correlative indicator of economic growth. With increasing trend of globalization of the financial markets and free trading markets, competition in the Taiwanese financial market is becoming increasingly fierce, particularly after Taiwan joined the World Trade Organization (WTO), leading to changes in the financial environment and the needs of the market. The economy and real estate activities in the numerous countries were struckhard by the Asian financial crisis of 1997; the bankruptcy of the Lehman Brother in the United States of America (U. S. A.) in 2008 led to subprime mortgage crisis which spread worldwide. It can be seen from these situations where real estate financial and commercial activities have gone from singular territories to a regional and global scale. Globally important countries often use various financial measures to regulate real estate commercial activities, and the implementation of reasonable and stable financial regulations has therefore become important topics. For these reasons, this article places a particular emphasis on the sound operation of financial organization regulations to promote real estate commercial activities. The strengthening of the laws and regulations, such as comprehensive taxation system and real estate pricing, popularizing real estate financial security to promote diverse real estate commercial activities, and as well as activating real estate trust systems to protect the rights of real estate holders, which are investigated to determine the effects of these actions on commercial activities.