Introduction -- Applied econometric models in international housing markets : theories and applications -- Risk averse real estate entrepreneurs in mainland China : a probit model approach -- Forecasting real estate stocks prices in Hong Kong : a state space model approach -- Market sentiment...

The often volatile behavior of the Hong Kong housing construction activity is analysed using an annual econometric model for 1975 through 1999. Theory suggests that an increase in house prices leads to a rise in the housing stock, whereas an increase in interest rates leads to a decrease in the...