Hin Li, Ling; Lin Ge, Cha - In: Property Management 26 (2008) 4, pp. 273-288
Purpose – This paper sets out to examine the inflation‐hedging ability of housing properties in Shanghai. Design … three types of inflation: actual, expected, and unexpected in the test period of 1997‐2005 by using the OLS model. Two … expected inflation. Findings – The results show that, while the Shanghai housing property market does not provide a hedge …