A Real Estate Boom with Chinese Characteristics

Chinese housing prices rose by over 10 percent per year in real terms between 2003 and 2014 and are now between two and ten times higher than the construction cost of apartments. At the same time, Chinese developers built 100 billion square feet of residential real estate. This boom has been accompa...

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Bibliographic Details
Published in:The Journal of economic perspectives 2017-01, Vol.31 (1), p.93-116
Main Authors: Glaeser, Edward, Huang, Wei, Ma, Yueran, Shleifer, Andrei
Format: Article
Language:English
Subjects:
2003-2014
Alternative approaches
Apartments
Cities
Construction costs
Construction industry
Economic conditions
Economic development
Economic statistics
Economic theory
Employment
Government
Home ownership
Households
Housing
Housing costs
Housing needs
Housing prices
Housing supply
Land use
Local government
Population growth
Prices
Real estate
Studies
Supply
Symposium: China
Urban development
Urban growth
Urban populations
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