China's Real Estate Market

Xi Rao and Yinggang Zhou

Chinese Economy, 2010, vol. 43, issue 2, 23-32

Abstract: Along with China's economic slowdown and policy tightening, the real estate market has been experiencing a mid-term correction since late 2007. This round of property sector downturn is cyclical rather than secular and will last from two to two and a half years (September 2007-early 2010). From a longer-term perspective, the factors for sustainable growth of the housing market remain sound. These include relatively strong economic growth, positive demographic trends, urbanization, and upgrades in living standards.

Date: 2010
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