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Urbanization and Development of Housing Market: Facts in China

In: Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate

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  • Yi-fan Zhang

    (Peking University)

Abstract

During the thirty years after Reform and Opening up, urbanization of China has been promoted continuously and housing market developed rapidly with the increasing residential demand. Based on the basic theories about urbanization and housing, an empirical study is carried out on the relationship between urbanization of China and development of housing with the help of time-series data as well as cross-sectional data. The study result reveals that: urbanization and housing market develop and promote mutually; urbanization positively influences per capita area; there is no obvious relationship between urbanization promotion speed and investment in residence but trend of residential investment is stronger than that of urbanization, with lack of effective demand to support the investment; there is not an obvious shortage of supply for additional population in urban area.

Suggested Citation

  • Yi-fan Zhang, 2015. "Urbanization and Development of Housing Market: Facts in China," Springer Books, in: Liyin Shen & Kunhui Ye & Chao Mao (ed.), Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate, edition 127, chapter 0, pages 627-638, Springer.
    • Handle: RePEc:spr:sprchp:978-3-662-46994-1_52
    DOI: 10.1007/978-3-662-46994-1_52
    as

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