After three decades of housing reform, Chinese government embarked on a large-scale expansion of public housing provision over the last few years. This very ambitious plan of public housing construction aims at reducing the negative impacts from global economic slowdown since 2008; at the same time,...

The implicit prices of housing characteristics concerning the physical structure, location, environment and the risk of construction quality in China are examined in this paper. The hedonic price model with uncertainty of construction quality is adopted. Data is collected from the Beijing...

Significant fluctuations in house prices have received considerable attention in recent years. An understanding of the forces underlying the departure from fundamental values is important in explaining the mechanisms underlying housing market performance and predicting potential house price...

The aim of this paper is to analyse security aspects on home ownership in a European perspective. The conventional view is that homeowners' security is achieved through equity formation in their homes. This opens up possibilities to withdraw equity in order to supplement a faulting social...

Housing affordability has long been on the agenda of China’s policy makers. Imperfections in the housing system and growing disparities in income and wealth have been central to the problem of affordable housing. Housing reforms in China led to the creation of a market-oriented housing...

The long run linkages between Swedish housing prices and property stock prices are investigated with the consideration that rental control system applied in Sweden could deviate asset prices from the suggested co‐integration. To confirm the degree of equilibrium, Error Correction Model with...

Over the past decade, China's major cities have experienced significant real estate price increase which has been fueled by the sustained growth of the economic fundamentals. It is well believed that deeper integration with the world market is one of the major reasons for such high speed...

This study measures the heterogeneous effects of monetary policy on regional house prices in Sweden 1991-2002. We use a multivariate persistent shock metric to examine the impact of short-term interest rate on the property market. We also segregate the influence of interest rate shocks and...