| Description |
1 online resource (31 pages) : color illustrations |
| Series |
IMF working paper ; WP/10/274 |
|
IMF working paper ; WP/10/274.
|
| Contents |
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Salient Features of the Chinese Property Market; III. How do we Assess Price Misalignment? Two Empirical Approaches; A. The panel regression approach; B. The asset pricing approach; IV. Impact on China's Real Economy and Banking Sector from Property Price Changes; A. How will property price changes affect china's domestic demand?; B. How will property price changes affect China's banking sector?; C. How will property price changes affect government revenue?; V. What are the Policy Implications?; VI. Conclusion |
|
Appendix: Selected Real Estate Measures in ChinaReferences; Footnotes |
| Summary |
Sharp increase in house prices combined with the extraordinary Chinese lending growth during 2009 has led to concerns of an emerging real estate bubble. We find that, for China as a whole, the current levels of house prices do not seem significantly higher than would be justified by underlying fundamentals. However, there are signs of overvaluation in some cities' mass-market and luxury segments. Unlike advanced economies before 2007-8, prices have tended to correct frequently in China. Given persistently low real interest rates, lack of alternative investment and mortgage-to-GDP trend, rapid property price growth in China has, and will continue to have, a structural driver |
| Bibliography |
Includes bibliographical references (pages 28-29) |
| Notes |
English |
|
Print version record |
| Subject |
Housing -- Prices -- China
|
|
Housing -- China -- Finance
|
|
Housing -- Prices
|
|
Housing -- Finance
|
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China
|
| Form |
Electronic book
|
| Author |
Ahuja, Ashvin, author.
|
|
International Monetary Fund. Asia and Pacific Department, issuing body.
|
| ISBN |
1283565609 |
|
9781283565608 |
|
9781455299270 |
|
1455299278 |
|
1455211575 |
|
9781455211579 |
|
9781455210817 |
|
1455210811 |
|
1462370861 |
|
9781462370863 |
|
9786613878052 |
|
6613878057 |
|
