Are house prices too high in China?

Ling Shen

China Economic Review, 2012, vol. 23, issue 4, 1206-1210

Abstract: This short note defines a new measurement of housing affordability in terms of permanent income. Using this new measurement, we find that housing affordability in China is very strong relative to other developed economies, although the ratio of housing prices to current income in China is much higher than those of developed nations.

Keywords: Housing affordability; Price-to-income ratio; Growth; China (search for similar items in EconPapers)
JEL-codes: C43 E25 E64 R31 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (27)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:23:y:2012:i:4:p:1206-1210

DOI: 10.1016/j.chieco.2012.03.008

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