The determinants of informal housing price in Beijing: Village power, informal institutions, and property security

Zhang, Mengzhu; Zhao, Pengjun

doi:10.1016/j.cities.2018.01.018

Cited by 34 publications

(15 citation statements)

References 35 publications

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“…Existing literature on the informal property rights in transitional China has pointed out the "rent dissipation", namely disordered land-rent competition, suboptimal land-use, or price differentials because of heterogeneity of tenure security [38][39][40]. These research results support that these individual decisions lead to rent accrual at levels far below optimum in the informal housing market (Figure 1).…”

Section: Rent Dissipation In China's Informal Settlements As Frugal U...supporting

confidence: 56%

Incomplete Urbanization and the Trans-Local Rural-Urban Gradient in China: From a Perspective of New Economics of Labor Migration

Liu

2022

Land

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The urbanization in China is “incomplete” and the migration of non-hukou migrants is circular, wherein rural migrants often keep their rural land in the home village as a social safety net. The informal housing market is one of the main housing providers for migrant workers. Existing studies see informal housing as the migrants’ passive choice under the discriminatory hukou system, while underplaying the migrants’ familial multi-site tenure strategies between village homes and city places. As suggested by New Economics of Labor Migration (NELM), attachment to a place of origin (such as keeping hometown lands), while choosing informal housing at the destination, is a familial utility maximization strategy that can control risks when migrating between locations. Informal housing areas, therefore, become a trans-local rural-urban gradient and semi-urban landscape. We use the 2017 Migrant Dynamics Monitoring Survey data and the binary logistic regression to examine (a) whether hometown landowning is a significant predictor of the migrants’ choosing of a temporary stay in informal settlements in urban destinations, and (b) which kind of hometown land arrangement (farmland or homestead holding or both of them) is the strongest indicator of the higher probability of staying in informal settlements in urban destinations? The data analysis reveals that homestead in hometown is a more prominent pulling factor than farmland to “glue” rural migrants together within an integrated rural land “insurance regime” between the migrant-sending and -receiving places. The land-use and informal housing governance (including urban village demolition) ignore the trans-local nature of the migratory networks and semi-urbanizing dynamics. The traditional analysis of the rural-urban gradient with many landscapes should consider the functional and tenurial linkage between the locations at different points along with the complex migration activities.

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Section: Rent Dissipation In China's Informal Settlements As Frugal U...supporting

confidence: 56%

Incomplete Urbanization and the Trans-Local Rural-Urban Gradient in China: From a Perspective of New Economics of Labor Migration

Liu

2022

Land

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“…Their results indicated that the nuisance effect differed depending on the dimension type, having a more substantial negative effect through visibility than through the availability of urban villages. Zhang and Zhao [36] showed the effect of the informal housing market in the urban villages in China, where the variances in ability between villages lead to heterogeneity of tenure security, thus creating price differentials in the market. In this context, higher tenure security means an increase in house prices.…”

Section: Literature Reviewmentioning

confidence: 99%

Examining the Effect of Squatter Settlements in the Evolution of Spatial Fragmentation in the Housing Market of the City of Buenos Aires by Using Geographical Weighted Regression

Ogas-Mendez

Isoda

2021

IJGI

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The spatial fragmentation in the housing market and the growth of squatter settlements are characteristic for the metropolitan areas in developing countries. Over the years, in large cities, these phenomena have been promoting an increase in the spatial concentration of poverty. Therefore, this study examined the relationship between the squatter settlement growth and spatial fragmentation in the housing market of Buenos Aires. By performing a spatiotemporal analysis using geographically weighted regression in the house prices for the years 2001, 2010, and 2018, the results showed that while squatter settlements had a strong negative effect on house prices, the affected areas shifted over time. Our findings indicate that it is not the growth of the squatter settlement that causes spatial fragmentation, but rather the widening income disparities and further segregation of low-income households. However, squatter settlements determined the spatial demarcation of fragmented housing market by attracting low-income households to surrounding low house price areas.

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“…Furthermore, the presence of a systematic property system that effectively reduced uncertainties in transactions significantly elevated the property price of SPRHs (Zhang and Zhao, 2018; He et al ., 2019); and so maintaining the system was beneficial for all owners, encouraging them to follow the rules. Indeed, based on its successful property system, Hongfu Yuan gained a good reputation in Beijing's SPRH market, and an annual premium of 20% on the property price.…”

Section: Living In Hongfu Yuan: a Relational Contract With The Local mentioning

confidence: 99%

“…It is notable that Beijing municipality partially acquiesced in CDG's discretionary treatment of SPRHs, owing to the role played by some high‐quality SPRH as a solution to the shortage of affordable housing. In fact, Beijing's headquarter economy, which needs a significant quantity of highly skilled migrant labour, was undermined by the post‐2008 property boom and the increasingly stringent Hukou policy 18 that led to the brain drain (Zhang and Zhao, 2018). In this respect, high‐quality SPRHs benefit the municipality by addressing the need for affordable housing, specifically for the highly skilled migrant labour looking to settle permanently in Beijing.…”

Section: Living In Hongfu Yuan: a Relational Contract With The Local mentioning

confidence: 99%

“…The preference for clearly defined, stable property institutions among SPRH owners is supported by recent studies by He et al . (2019) and Zhang and Zhao (2018), in which the greater willingness of buyers to pay for a SPR capable of addressing the uncertainties arising from the state's threats to demolish 'illegal' properties was quantitatively examined.…”

Section: Living In Hongfu Yuan: a Relational Contract With The Local mentioning

confidence: 99%

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Informal Property Rights as Relational and Functional: Unravelling the Relational Contract in China's Informal Housing Market

Zhang¹,

He²

2020

Int J Urban Regional Res

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The determinants of informal housing price in Beijing: Village power, informal institutions, and property security

Cited by 34 publications

References 35 publications

Incomplete Urbanization and the Trans-Local Rural-Urban Gradient in China: From a Perspective of New Economics of Labor Migration

Incomplete Urbanization and the Trans-Local Rural-Urban Gradient in China: From a Perspective of New Economics of Labor Migration

Examining the Effect of Squatter Settlements in the Evolution of Spatial Fragmentation in the Housing Market of the City of Buenos Aires by Using Geographical Weighted Regression

Informal Property Rights as Relational and Functional: Unravelling the Relational Contract in China's Informal Housing Market

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