The Impact of Population Age Structure on Real Estates Price—Evidence from China Provincial Panel Data

Zheng, Yongrui

doi:10.4236/jss.2017.53019

Cited by 3 publications

(1 citation statement)

References 5 publications

(7 reference statements)

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“…Carter et al [31] found that when house prices fell, older people were more likely to avoid investing in housing for two reasons: life expectancy and neighborhood familiarity. Zheng's results [32] also support this conclusion.…”

Section: The Non-linear Effect Of An Ageing Population On Housing Demandmentioning

confidence: 58%

Population Ageing, Asset Prices and Paying Ability: A Study Based on Urban Private Housing Prices in China

Ren¹,

Chen²

2022

IJBER

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Population ageing and asset price issues, especially with regard to housing, exert a major impact on sustainable development. Since China entered the remit of an ageing society in 2001, the proportion of its elderly population has been rising. In the same period, the country's real estate market experienced a rapid rise in house prices following the monetisation reform. Many large cities have experienced waiting lists for the purchase of private housing, and working-class groups not being able to afford it. This has become a social phenomenon in China. This study takes the social reality of China as the main research object, investigates the influencing mechanism of the ageing population structure on the residential commercial housing market, and locates paying ability, ageing, and private housing prices within the same framework. The study found that paying ability can be regarded as a regulating variable between ageing and private housing prices; consequently, a panel threshold effect model was constructed empirically to analyse the non-linear effects of ageing on private housing prices. The results show that when residents' payment levels differ, the effect of ageing on the price of private housing also varies. Finally, by combining the 17-year panel data of 30 provinces and cities in China, it was found that all of the eastern regions of China crossed the threshold in 2010, and that all of the central and western regions crossed the threshold in 2011. At present, therefore, ageing can be said to be exerting an active impact on housing prices in China. To effectively curb the excessive rise in housing prices, the corresponding housing supply policy should be formulated from the perspective of improving the supply of housing to meet demand and the intergenerational transfer of the elderly population.

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Section: The Non-linear Effect Of An Ageing Population On Housing Demandmentioning

confidence: 58%

Population Ageing, Asset Prices and Paying Ability: A Study Based on Urban Private Housing Prices in China

Ren¹,

Chen²

2022

IJBER

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The effect of the housing provident fund on housing consumption and inequity risks

Chen

Liu

et al. 2020

Cities

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Does urban tourism development impact urban housing prices?

Cong

Lee

Samad

2023

IJHMA

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Purpose The purpose of this study is to investigate the relationship between tourism development and urban housing prices in Chinese cities. Specifically, the study aimed to explore whether there is a relationship between the two variables in tourist and non-tourist cities and whether there is a non-linear relationship between them. Design/methodology/approach In this study, the entropy method was used to construct the China City Tourism Development Index, which provides a more comprehensive measure of the level of tourism development in different cities. In total, 45 major cities in China were studied using the panel data approach for the period of 2011 to 2019. Findings The empirical analysis conducted for this study found that tourism development affects urban house prices, and that there is an inverted U-shaped relationship. However, this varies across cities, with house prices in tourist cities tending to be more influenced by tourism development than non-tourist cities. Also, foreign direct investment, population size, fixed asset investment and disposable income per capita were found to have an impact on house prices in both tourism and non-tourism cities. Originality/value There are significant differences in tourism development and urban house prices in different cities in China. This study considers these differences when examining the impact of tourism on house prices in 45 major cities in China by dividing the sample cities into tourist and non-tourist cities.

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The Impact of Population Age Structure on Real Estates Price—Evidence from China Provincial Panel Data

Cited by 3 publications

References 5 publications

Population Ageing, Asset Prices and Paying Ability: A Study Based on Urban Private Housing Prices in China

Population Ageing, Asset Prices and Paying Ability: A Study Based on Urban Private Housing Prices in China

The effect of the housing provident fund on housing consumption and inequity risks

Does urban tourism development impact urban housing prices?

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