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Institutional and demographic influences on the presence, scale and geographic scope of individual Chinese real estate investment

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  • Coulson, N. Edward
  • Tang, Mingzhe

Abstract

We use the results of a survey taken in ten large Chinese cities to investigate several aspects of Chinese real estate investment. The survey provides significant (though not comprehensive) information on the personal and family characteristics and real estate holdings of the survey respondents. In this paper we ask three inter-related questions: 1. What factors are associated with individuals who own property in China? 2. What factors are associated with the extent of such ownership—i.e. what determines the number of properties owned? 3. What factors determine the geographical extent of this ownership; in particular, who owns local property and who owns geographically dispersed?

Suggested Citation

  • Coulson, N. Edward & Tang, Mingzhe, 2013. "Institutional and demographic influences on the presence, scale and geographic scope of individual Chinese real estate investment," Regional Science and Urban Economics, Elsevier, vol. 43(2), pages 187-196.
    • Handle: RePEc:eee:regeco:v:43:y:2013:i:2:p:187-196
    DOI: 10.1016/j.regsciurbeco.2012.12.001
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    Cited by:

    1. David Howden & Jason XingBin Li, 2015. "An Austrian Analysis of China's Unsustainable Boom," Economic Affairs, Wiley Blackwell, vol. 35(3), pages 443-452, October.
    2. Yang, Jian & Yu, Ziliang & Deng, Yongheng, 2018. "Housing price spillovers in China: A high-dimensional generalized VAR approach," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 98-114.
    3. Yang, Jian & Tong, Meng & Yu, Ziliang, 2021. "Housing market spillovers through the lens of transaction volume: A new spillover index approach," Journal of Empirical Finance, Elsevier, vol. 64(C), pages 351-378.
    4. Tang, Mingzhe & Coulson, N. Edward, 2017. "The impact of China's housing provident fund on homeownership, housing consumption and housing investment," Regional Science and Urban Economics, Elsevier, vol. 63(C), pages 25-37.
    5. Liao, Yu & Zhang, Junfu, 2021. "Hukou status, housing tenure choice and wealth accumulation in urban China," China Economic Review, Elsevier, vol. 68(C).
    6. Jie Chen & Zan Yang, 2017. "What do young adults on the edges of homeownership look like in big cities in an emerging economy: Evidence from Shanghai," Urban Studies, Urban Studies Journal Limited, vol. 54(10), pages 2322-2341, August.
    7. Iris Claus & Les Oxley & Jie Chen & Xuehui Han, 2014. "The Evolution Of The Housing Market And Its Socioeconomic Impacts In The Post-Reform People'S Republic Of China: A Survey Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 28(4), pages 652-670, September.
    8. Shengfu Yang & Shougeng Hu & Weidong Li & Chuanrong Zhang & José A. Torres, 2017. "Spatiotemporal Effects of Main Impact Factors on Residential Land Price in Major Cities of China," Sustainability, MDPI, vol. 9(11), pages 1-16, November.
    9. Cao, Yujin & Chen, Jidong & Zhang, Qinghua, 2018. "Housing investment in urban China," Journal of Comparative Economics, Elsevier, vol. 46(1), pages 212-247.

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    More about this item

    Keywords

    China; Real estate investment; Hukou;
    All these keywords.

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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