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The housing market in Beijing and delays in sales: A fractional polynomial survival model

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  • Barros, Carlos Pestana
  • Gil-Alana, Luis A.
  • Chen, Zhongfei

Abstract

This paper analyzes housing sales delay in Beijing, China. In the housing market, new properties sometimes experience delays before they are sold. Such delays reflect the preferences of buyers with regard to the characteristics of the housing. Therefore, it is important for managerial purposes to identify the causes of housing sales delays. It is concluded that delays are largely explained by the dwellings' characteristics and location. Policy implications of the research findings, particularly those related to means of shortening the delays, are discussed.

Suggested Citation

  • Barros, Carlos Pestana & Gil-Alana, Luis A. & Chen, Zhongfei, 2014. "The housing market in Beijing and delays in sales: A fractional polynomial survival model," Economic Modelling, Elsevier, vol. 42(C), pages 296-300.
  • Handle: RePEc:eee:ecmode:v:42:y:2014:i:c:p:296-300
    DOI: 10.1016/j.econmod.2014.07.004
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    2. Morales Ramírez Alejandro & Rodríguez-Zamora Carolina, 2018. "The Duration in the Market of New Housing in Mexico," Working Papers 2018-08, Banco de México.

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