The objective of this paper is to investigate the dynamic effects of fundamental factors on housing prices in China. We examine how quickly and strongly housing prices react to changes in these factors. We especially want to test whether these reactions change after China adopted a new system for granting land use rights in 2002. We find that the main fundamental explanatory factors explaining Chinese housing price variations are household disposable income, new-build supply, housing units sold, unemployment, and land prices. Among these factors, the most important one is land price. The effect of land prices on housing prices is especially enhanced after adoption of the new system for granting land use rights i
A rapid urbanization process facilitated an enormous expansion of the cities and stimulated the deve...
Housing prices have soared for the past decade in China, more evidently from the 35 major cities. Ap...
In China, the soaring house prices made households form the anticipation of rising house prices. We ...
This paper studies the fundamental determinants of housing prices in three different developedcities...
This paper seeks to understand the importance of changes in the fundamental factors of demand and su...
China has experienced consistent and rapid economic growth Since Opening-up and Reform strategy, in ...
With the rapid growth of China’s economy, the urbanization process is accelerating, and urban develo...
International audienceIn a similar way to the stock market, the housing market in China has often be...
Abstract The house prices in China have increased dramatically after the housing finance market r...
We study housing dynamics in China using vector autoregressions identified with theory-consistent si...
There are lots of empirical studies and theory concluded that house price able to reflect economic f...
The price of real estate is the result of economical operation and, most importantly, regulation mec...
Purpose: China's real estate market is rampantly expanding. The purpose of this paper is to examine ...
This paper explores the possible effects of rural–urban migration and urbanization on China’s urban ...
Sharp increase in house prices combined with the extraordinary Chinese lending growth during 2009 ha...
A rapid urbanization process facilitated an enormous expansion of the cities and stimulated the deve...
Housing prices have soared for the past decade in China, more evidently from the 35 major cities. Ap...
In China, the soaring house prices made households form the anticipation of rising house prices. We ...
This paper studies the fundamental determinants of housing prices in three different developedcities...
This paper seeks to understand the importance of changes in the fundamental factors of demand and su...
China has experienced consistent and rapid economic growth Since Opening-up and Reform strategy, in ...
With the rapid growth of China’s economy, the urbanization process is accelerating, and urban develo...
International audienceIn a similar way to the stock market, the housing market in China has often be...
Abstract The house prices in China have increased dramatically after the housing finance market r...
We study housing dynamics in China using vector autoregressions identified with theory-consistent si...
There are lots of empirical studies and theory concluded that house price able to reflect economic f...
The price of real estate is the result of economical operation and, most importantly, regulation mec...
Purpose: China's real estate market is rampantly expanding. The purpose of this paper is to examine ...
This paper explores the possible effects of rural–urban migration and urbanization on China’s urban ...
Sharp increase in house prices combined with the extraordinary Chinese lending growth during 2009 ha...
A rapid urbanization process facilitated an enormous expansion of the cities and stimulated the deve...
Housing prices have soared for the past decade in China, more evidently from the 35 major cities. Ap...
In China, the soaring house prices made households form the anticipation of rising house prices. We ...