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The impact of COVID-19 on the housing market: evidence from the Yangtze river delta region in China

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  • Minhua Yang
  • Junni Zhou

Abstract

We investigate the impacts of COVID-19 on the housing market in the Yangtze river delta region in China. We divide data into the groups of the municipality directly under the central government (first-tier city) and other provinces (second- and third-tier cities), and use average selling price of commercial housing to capture the performance of local housing market. The findings suggest significantly positive impacts of COVID-19 on housing price in this region, which implies the urgent needs of housing for families to stay together during the epidemic. The municipality directly under the central government (also the first-tier city) usually tends to have higher housing prices due to better economic and medical conditions and urban governance there, while such impacts shrink in the period of epidemic, implying the effective control of housing price there, which provides relevant policy guidance for other provinces and non-first-tier cities.

Suggested Citation

  • Minhua Yang & Junni Zhou, 2022. "The impact of COVID-19 on the housing market: evidence from the Yangtze river delta region in China," Applied Economics Letters, Taylor & Francis Journals, vol. 29(5), pages 409-412, March.
  • Handle: RePEc:taf:apeclt:v:29:y:2022:i:5:p:409-412
    DOI: 10.1080/13504851.2020.1869159
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    Cited by:

    1. Gerard Domènech-Arumí & Paula Eugenia Gobbi & Glenn Magerman, 2022. "Housing Inequality and how Fiscal Policy shapes it: Evidence from Belgian Real Estate," Working Papers ECARES 2022-31, ULB -- Universite Libre de Bruxelles.
    2. Yaşar Reha Z. & Bulut Erdem, 2023. "Why Did Housing Prices Rise to a Record Level in Turkey? An Empirical Analysis," Real Estate Management and Valuation, Sciendo, vol. 31(4), pages 1-10, December.
    3. Tsai, I-Chun & Chiang, Ying-Hui & Lin, Shih-Yuan, 2022. "Effect of COVID-19 lockdowns on city-center and suburban housing markets: Evidence from Hangzhou, China," Journal of Asian Economics, Elsevier, vol. 83(C).
    4. Yanke Dai & Yangfei Xu, 2022. "Cheating under Regulation: Evidence from “Yin-and-Yang” Contracts on Beijing’s Housing Market," Sustainability, MDPI, vol. 14(20), pages 1-29, October.
    5. Unel, Fatma Bunyan & Yalpir, Sukran, 2023. "Sustainable tax system design for use of mass real estate appraisal in land management," Land Use Policy, Elsevier, vol. 131(C).
    6. Yang Guo & Dongchi Lai & Xijun Hu, 2023. "Measuring River-View Visibilities of Individual Dwellings for Planning of Compact Urban Riverside Neighborhood Blocks," Sustainability, MDPI, vol. 15(9), pages 1-21, April.

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