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An Investigation of housing affordability and households’ tenure choice in China

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  • Yao Liming

Abstract

‘Housing affordability’ has been widely used as the key criteria to examine the ability of households to afford the housing expenditures. However, much less attention has been paid to the housing affordability issues that faced by Chinese households. This paper examines factors which would impact housing affordability, by linking the theoretical understandings in the macroeconomic environment, housing market and liquidity constraints. Quarterly time series data at the national level are employed for empirical investigation. The instrumental variable approach is employed to resolve the endogeneity issues and obtain the consistent estimators. Suggestions of taking measures to mitigating housing affordability difficulties would be discussed according to the empirical findings.

Suggested Citation

  • Yao Liming, 2017. "An Investigation of housing affordability and households’ tenure choice in China," ERES eres2017_117, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2017_117
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2017-117
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    More about this item

    Keywords

    Housing Affordability; instrumental variable approach; regional variances; Tenure Choice;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    NEP fields

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