Title of article
Are house prices too high in China?
Author/Authors
Shen، نويسنده , , Ling، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2012
Pages
5
From page
1206
To page
1210
Abstract
This short note defines a new measurement of housing affordability in terms of permanent income. Using this new measurement, we find that housing affordability in China is very strong relative to other developed economies, although the ratio of housing prices to current income in China is much higher than those of developed nations.
Keywords
Housing affordability , Price-to-income ratio , Growth , CHINA
Journal title
China Economic Review (Amsterdam
Serial Year
2012
Journal title
China Economic Review (Amsterdam
Record number
1940248
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