The Spatial Dimension of House Prices

The Spatial Dimension of House Prices

Gong, Y. (TU Delft OLD Housing Systems)

Boelhouwer, P.J. (promotor)
de Haan, J. (promotor)

Delft University of Technology

2017-05-08

The economic reform in China, launched in the late 1970s, gradually promotes the free mobility of capital and labour between rural and urban areas, and between cities. The following housing market reform in the late 1990s thoroughly terminates the socialist allocation of housing and introduces market forces into the housing sector. Such institutional shifts have profound effects on the evolution of the Chinese interurban housing market. Yet, little is known about the spatial behaviour of house prices across cities in the post-reform era. How do the housing markets of different cities organise across space? What is the relationship between the house price dynamics of different cities? To answer these questions, this research performs economic and econometric analysis of the spatial dimension of the Chinese interurban housing market. In addition, this research also concerns the construction of a reliable house price index in the presence of spatial heterogeneity and dependence in the urban housing market of China. A reliable house price index is essential to the analysis of house price dynamic behaviour. However, owing to the data problem, this part is conducted based on the housing market of a Dutch city....

housing prices
urban housing market

http://resolver.tudelft.nl/uuid:a8c53bab-75d6-460f-ba9e-3d81614c51f1

https://doi.org/10.7480/abe.2017.4

A+BE | Architecture and the Built Environment

978-94-92516-51-0

A+BE | Architecture and the Built Environment No 4 (2017)

Institutional Repository

doctoral thesis

© 2017 Y. Gong