Ahuja, Ashvin; Cheung, Lillian; Han, Gaofeng; Porter, Nathan - eSocialSciences - 2011
Sharp increase in house prices combined with the extraordinary lending growth in Mainland China during 2009 has led to … concerns of an emerging real estate bubble. We find that, for China as a whole, the current levels of house prices do not seem …€™ mass-market and luxury segments. Unlike advanced economies before 2007-8, prices have tended to correct frequently in China …