Housing development and urbanisation in China
Rapid urbanisation and rising income have led to a strong demand for housing in urban China. However, housing development has been distorted by speculation, income inequality and lack of government support for low-cost houses. In recent years, house prices become so high, making the vast majority of...
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| Format: | Article |
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Wiley
2014
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| Online Access: | https://eprints.nottingham.ac.uk/29134/ |
| _version_ | 1848793722065518592 |
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| author | Yao, Shujie Luo, Dan Wang, Jianling |
| author_facet | Yao, Shujie Luo, Dan Wang, Jianling |
| author_sort | Yao, Shujie |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | Rapid urbanisation and rising income have led to a strong demand for housing in urban China. However, housing development has been distorted by speculation, income inequality and lack of government support for low-cost houses. In recent years, house prices become so high, making the vast majority of urban residents unable to afford, whereas rich families are able to buy many and leave them vacant. Income inequality is a major cause for rising house prices, which, in turn, exaggerates income inequality further. This vicious relationship has caused social tension between the rich and the poor and unhappiness among the middle- and low-income groups. This paper discusses the factors responsible for the housing bubble in China and recommends appropriate policies to resolve this problem. |
| first_indexed | 2025-11-14T19:04:48Z |
| format | Article |
| id | nottingham-29134 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:04:48Z |
| publishDate | 2014 |
| publisher | Wiley |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-291342020-05-04T20:15:15Z https://eprints.nottingham.ac.uk/29134/ Housing development and urbanisation in China Yao, Shujie Luo, Dan Wang, Jianling Rapid urbanisation and rising income have led to a strong demand for housing in urban China. However, housing development has been distorted by speculation, income inequality and lack of government support for low-cost houses. In recent years, house prices become so high, making the vast majority of urban residents unable to afford, whereas rich families are able to buy many and leave them vacant. Income inequality is a major cause for rising house prices, which, in turn, exaggerates income inequality further. This vicious relationship has caused social tension between the rich and the poor and unhappiness among the middle- and low-income groups. This paper discusses the factors responsible for the housing bubble in China and recommends appropriate policies to resolve this problem. Wiley 2014-03 Article PeerReviewed Yao, Shujie, Luo, Dan and Wang, Jianling (2014) Housing development and urbanisation in China. World Economy, 37 (3). pp. 481-500. ISSN 0378-5920 economic affordable housing China inequality http://onlinelibrary.wiley.com/doi/10.1111/twec.12105/abstract doi:10.1111/twec.12105 doi:10.1111/twec.12105 |
| spellingShingle | economic affordable housing China inequality Yao, Shujie Luo, Dan Wang, Jianling Housing development and urbanisation in China |
| title | Housing development and urbanisation in China |
| title_full | Housing development and urbanisation in China |
| title_fullStr | Housing development and urbanisation in China |
| title_full_unstemmed | Housing development and urbanisation in China |
| title_short | Housing development and urbanisation in China |
| title_sort | housing development and urbanisation in china |
| topic | economic affordable housing China inequality |
| url | https://eprints.nottingham.ac.uk/29134/ https://eprints.nottingham.ac.uk/29134/ https://eprints.nottingham.ac.uk/29134/ |