Are house prices too high in China?

This short note defines a new measurement of housing affordability in terms of permanent income. Using this new measurement, we find that housing affordability in China is very strong relative to other developed economies, although the ratio of housing prices to current income in China is much higher than those of developed nations.

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Year of publication:	2012
Authors:	Shen, Ling
Published in:	China Economic Review. - Elsevier, ISSN 1043-951X. - Vol. 23.2012, 4, p. 1206-1210
Publisher:	Elsevier
Subject:	Housing affordability \| Price-to-income ratio \| Growth \| China

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Type of publication:	Article
Classification:	C43 - Index Numbers and Aggregation ; E25 - Aggregate Factor Income Distribution ; E64 - Incomes Policy; Price Policy ; R31 - Housing Supply and Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010875341