A New Perspective on the Relationship between House Prices and Income

Hill, Robert J.; Gan, Quan

doi:10.2139/ssrn.1313073

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2010

2022

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Cited by 5 publications

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“…(Zhang, 2000) In this paper we investigate what determinants the housing prices boom in China. National disposable income is the primary factor which has significant impact on the property prices (McQuinn & O'Reilly, 2007, Hill & Gan, 2008. On the other hand, China has witnessed a dramatic urbanization and industrialization process during the past decades (Zheng et al, 2007).…”

Section: Introductionmentioning

confidence: 99%

The Determinants of Chinese Property Prices

Qi¹

2016

IJEF

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In this paper, the determinants the housing prices boom in China are investigated. We extend the original model of Yuan and Xiao and Zhou (2006) by involving banks, in order to investigate the behavior of the money lender. A sample of 28 Chinese domestic commercial banks during the period between 2003 and 2009 are used for the empirical test. The results suggest that the mortgage loan has a significant impact on the property prices. Their effects on both condominium and residential prices are positive. However, the prices of High_Grade and Economical Houses have shown an entirely different response to the movement of mortgage credits.

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Section: Introductionmentioning

confidence: 99%