The recent, dramatic increases in house prices have led to considerable attention being focused on housing markets in China. Using a unique dataset of city-level house prices and rents, this paper investigates the presence of price bubbles in major Chinese city housing markets. Our findings show...

The problem of housing affordability is not only of considerable importance for governments to make housing policies, and is but also often the focus of academic research of housing markets. This paper therefore attempts to examine the affordability problem in China based on a set of...