The Chinese Real Estate Bubble

Gary Smith and Wesley Liang ()
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Wesley Liang: Pomona College

Economics Department, Working Paper Series from Economics Department, Pomona College

Abstract: China has seen extraordinary economic growth for the past two decades, coupled with a booming housing market. Following the 2008 financial crisis, however, observers began worrying that the Chinese real estate market had been gripped by a speculative bubble. We use residential rent and price data to assess whether these fears are justified. We conclude that residential real estate markets are bubbly in Beijing and Shanghai, with the Beijing housing market frothier than the Shanghai market.

Keywords: China real estate; housing bubble (search for similar items in EconPapers)
Date: 2019-01-01, Revised 2019-06-04
New Economics Papers: this item is included in nep-cna, nep-tra and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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