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Hong Kong, China's housing market witnessed dramatic appreciations recently, with the price index for private domestic …, we find that changes in housing price index reinforce price trends in the long term. Hong Kong, China's dollar … quantitative easing, and the gross domestic product of the People's Republic of China (PRC) are positively related to housing …
Persistent link: https://www.econbiz.de/10012007579
China. Using a unique dataset of city-level house prices and rents, this paper investigates the presence of price bubbles in …
Persistent link: https://www.econbiz.de/10013005714
People's Republic of China. Under the leasehold property right system, real estate development has two stages - first to …
Persistent link: https://www.econbiz.de/10011591060
Hedonic house price indices adjust the average sales prices for the change in the quality of the property sold over time. This paper proposes a framework to disentangle the contribution of each individual dwelling characteristic to this quality change. We apply our framework to a unique dataset...
Persistent link: https://www.econbiz.de/10013193786
The Chinese housing market has grown rapidly following its liberalization in the 1990s, generating significant economic activity and demand for base metals. In this paper, we discuss the evolution of the Chinese housing market and quantify its importance for the overall Chinese economy and its...
Persistent link: https://www.econbiz.de/10011439874
This paper analyzes the housing markets and housing policies in Hong Kong, China and the People's Republic of China … considerably. Hong Kong, China has adopted a railway and property development model, which involves close collaboration between the … policies in both markets are in line with their social welfare systems. Hong Kong, China favors the elderly and the poor, thus …
Persistent link: https://www.econbiz.de/10011453313
China has weathered the global financial turmoil in much better shape than most other countries, including the United …. China has certainly experienced extraordinary growth in the housing market during the past decade, which has been …
Persistent link: https://www.econbiz.de/10013089356
transactions are new units. Using the booming market in China as an example, we evaluate and compare the performances of three most …-built housing markets and provide the first multi-city constant-quality house price index in China. The new index reveals that the …
Persistent link: https://www.econbiz.de/10013056554
The sharp rise of house prices in China's Tier-1 cities has fostered a great deal of commentary about the possibility … of bubbles forming there. However, China's unique housing market characteristics make it difficult to assess the … infrastructure to help China withstand the impact of falling prices, should this occur …
Persistent link: https://www.econbiz.de/10012918551
China due to flight route changes. I find a large positive house price impact. Consistent with investment q-theory, rents …
Persistent link: https://www.econbiz.de/10013219278