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What is Unique about Chinese Real Estate Markets?

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  • Hongwei Wang

    ()
    (Shanghai University of Finance and Economics)

  • Ko Wang

    ()
    (Baruch College, City University of New York)

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Abstract

The political environment, legal system, and culture of China differ from that of most mature economies in the western world. Consequently, Chinese real estate markets should behave differently from the markets of the mature economies such as the United States and the United Kingdom. The rapid growth of the real estate markets (both in quantity and property appreciation rates) in Chinese communities during the past two decades provides us a great laboratory to examine some important issues that cannot be analyzed using data from mature economies.

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File URL: http://aux.zicklin.baruch.cuny.edu/jrer/papers/pdf/new_current/vol34n03/01.275_290.pdf
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Bibliographic Info

Article provided by American Real Estate Society in its journal journal of Real Estate Research.

Volume (Year): 34 (2012)
Issue (Month): 3 ()
Pages: 275-290

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Handle: RePEc:jre:issued:v:34:n:3:2012:p:275-290

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Postal: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
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Web page: http://www.aresnet.org/

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Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
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Web: http://aux.zicklin.baruch.cuny.edu/jrer/about/get.htm

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Cited by:
  1. Jian Chen & David H. Downs, 2013. "Property Tax and Tenure Choice: Implications for China," International Real Estate Review, Asian Real Estate Society, vol. 16(3), pages 323-343.

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