Temporal and Spatial Variation of Housing Affordability in China

Huachao Qian (), Xin Ma (), Qi Wang and Chen Liu
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Huachao Qian: Nanjing Forestry University
Xin Ma: Nanjing Forestry University
Qi Wang: Nanjing Forestry University
Chen Liu: Nanjing Forestry University

Chapter Chapter 49 in Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate, 2015, pp 595-605 from Springer

Abstract: Abstract This paper analysis the PIR index changes in 35 cities from 1991 to 2012. The results show that the housing affordability of urban residents appears to enhance at first and then becomes weak. In generally, the overall housing affordability is low and always fluctuating. In addition, the differences of the spatial distribution are significant. The PIR in developed areas are high while in underdeveloped areas are low. People’s income in developed areas is higher than those in underdeveloped areas, and this leading to a more comfortable life. But the increasing rate of the housing price is faster than that of the income, so it increases the cost of housing payments.

Keywords: PIR; Historical changes; Regional differences (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-662-46994-1_49

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DOI: 10.1007/978-3-662-46994-1_49

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