China's urban housing reform: price-rent ratio and market equilibrium

Auteur(s) et Affiliation(s)



Description :
China's urban housing marketisation hinges on a sensible ratio of housing price to rent. This research derives a rational level for such a ratio and examines its distortions under the Chinese system. It shows that the prevailing housing price to rent ratios are higher than the rational level for both subsidised and free-market housing. Unique Chinese housing market equilibria are analysed and policy recommendations on commercialising Chinese urban housing are suggested.


Type de document :
Article de périodique

Source :
Urban studies (Harlow), issn : 0042-0980, 1996, vol. 33, n°. 7, p. 1077-1092, Collation : Illustration, Références bibliographiques : 32 ref.

Date :
1996

Editeur :
Pays édition : Royaume-Uni, Harlow, Longman Group