Assessing China's Residential Real Estate Market.:
China's real estate market rebounded sharply after a temporary slowdown in 2014-2015. This paper uses city-level data to estimate the range of house price overvaluation across city-tiers and assesses the main risks of a sharp housing market slowdown. If house prices rise further beyond 'fu...
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Main Author: | |
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Format: | Electronic eBook |
Language: | English |
Published: |
[Washington, D.C.] :
International Monetary Fund,
[2017]
|
Series: | IMF working paper ;
WP/17/248. |
Subjects: | |
Online Access: | DE-862 DE-863 |
Summary: | China's real estate market rebounded sharply after a temporary slowdown in 2014-2015. This paper uses city-level data to estimate the range of house price overvaluation across city-tiers and assesses the main risks of a sharp housing market slowdown. If house prices rise further beyond 'fundamental' levels and the bubble expands to smaller cities, it would increase the likelihood and costs of a sharp correction, which would weaken growth, undermine financial stability, reduce local government spending room, and spur capital outflows. Empirical analysis suggests that the increasing intensity of macroprudential policies tailored to local conditions is appropriate. The government should expand its toolkit to include additional macroprudential measures and push forward reforms to address the fundamental imbalances in the residential housing market. |
Physical Description: | 1 online resource |
ISBN: | 148432935X 1484324811 9781484324813 9781484329351 |
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520 | 3 | |a China's real estate market rebounded sharply after a temporary slowdown in 2014-2015. This paper uses city-level data to estimate the range of house price overvaluation across city-tiers and assesses the main risks of a sharp housing market slowdown. If house prices rise further beyond 'fundamental' levels and the bubble expands to smaller cities, it would increase the likelihood and costs of a sharp correction, which would weaken growth, undermine financial stability, reduce local government spending room, and spur capital outflows. Empirical analysis suggests that the increasing intensity of macroprudential policies tailored to local conditions is appropriate. The government should expand its toolkit to include additional macroprudential measures and push forward reforms to address the fundamental imbalances in the residential housing market. | |
505 | 0 | |a Cover -- Assessing China's Residential Real Estate Market -- I. Introduction -- II. Housing Market Cycles and the Recent Developments -- III. Risks of a Housing Market Correction and the Potential Impact -- IV. Policy Implications. | |
650 | 0 | |a Housing |x Prices |z China. | |
650 | 0 | |a Real property |z China. | |
650 | 6 | |a Logement |x Prix |z Chine. | |
650 | 6 | |a Biens réels |z Chine. | |
650 | 7 | |a SOCIAL SCIENCE |x Discrimination & Race Relations. |2 bisacsh | |
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650 | 7 | |a Housing |x Prices |2 fast | |
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author | Ding, Ding, 1979- |
author_GND | http://id.loc.gov/authorities/names/no2010061698 |
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author_sort | Ding, Ding, 1979- |
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contents | Cover -- Assessing China's Residential Real Estate Market -- I. Introduction -- II. Housing Market Cycles and the Recent Developments -- III. Risks of a Housing Market Correction and the Potential Impact -- IV. Policy Implications. |
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illustrated | Not Illustrated |
indexdate | 2025-03-18T14:23:44Z |
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isbn | 148432935X 1484324811 9781484324813 9781484329351 |
language | English |
oclc_num | 1014357102 |
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spelling | Ding, Ding, 1979- author. https://id.oclc.org/worldcat/entity/E39PCjCDb7JCVb4rWjt4qjyMrq http://id.loc.gov/authorities/names/no2010061698 Assessing China's Residential Real Estate Market. [Washington, D.C.] : International Monetary Fund, [2017] ©2017 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF Working Paper ; WP/17/248 Online resource; title from PDF title page (EBSCO, viewed June 19, 2019). China's real estate market rebounded sharply after a temporary slowdown in 2014-2015. This paper uses city-level data to estimate the range of house price overvaluation across city-tiers and assesses the main risks of a sharp housing market slowdown. If house prices rise further beyond 'fundamental' levels and the bubble expands to smaller cities, it would increase the likelihood and costs of a sharp correction, which would weaken growth, undermine financial stability, reduce local government spending room, and spur capital outflows. Empirical analysis suggests that the increasing intensity of macroprudential policies tailored to local conditions is appropriate. The government should expand its toolkit to include additional macroprudential measures and push forward reforms to address the fundamental imbalances in the residential housing market. Cover -- Assessing China's Residential Real Estate Market -- I. Introduction -- II. Housing Market Cycles and the Recent Developments -- III. Risks of a Housing Market Correction and the Potential Impact -- IV. Policy Implications. Housing Prices China. Real property China. Logement Prix Chine. Biens réels Chine. SOCIAL SCIENCE Discrimination & Race Relations. bisacsh SOCIAL SCIENCE Minority Studies. bisacsh Housing Prices fast Real property fast China fast https://id.oclc.org/worldcat/entity/E39PBJdCqh8h6hJY7PT6MQW4bd has work: Assessing China's Residential Real Estate Market (Text) https://id.oclc.org/worldcat/entity/E39PCGh3GFG43JryyQ4fXQTg83 https://id.oclc.org/worldcat/ontology/hasWork Print version: Ding, Ding. Assessing China's Residential Real Estate Market. Washington, D.C. : International Monetary Fund,2017 9781484324813 IMF working paper ; WP/17/248. http://id.loc.gov/authorities/names/no89010263 |
spellingShingle | Ding, Ding, 1979- Assessing China's Residential Real Estate Market. IMF working paper ; Cover -- Assessing China's Residential Real Estate Market -- I. Introduction -- II. Housing Market Cycles and the Recent Developments -- III. Risks of a Housing Market Correction and the Potential Impact -- IV. Policy Implications. Housing Prices China. Real property China. Logement Prix Chine. Biens réels Chine. SOCIAL SCIENCE Discrimination & Race Relations. bisacsh SOCIAL SCIENCE Minority Studies. bisacsh Housing Prices fast Real property fast |
title | Assessing China's Residential Real Estate Market. |
title_auth | Assessing China's Residential Real Estate Market. |
title_exact_search | Assessing China's Residential Real Estate Market. |
title_full | Assessing China's Residential Real Estate Market. |
title_fullStr | Assessing China's Residential Real Estate Market. |
title_full_unstemmed | Assessing China's Residential Real Estate Market. |
title_short | Assessing China's Residential Real Estate Market. |
title_sort | assessing china s residential real estate market |
topic | Housing Prices China. Real property China. Logement Prix Chine. Biens réels Chine. SOCIAL SCIENCE Discrimination & Race Relations. bisacsh SOCIAL SCIENCE Minority Studies. bisacsh Housing Prices fast Real property fast |
topic_facet | Housing Prices China. Real property China. Logement Prix Chine. Biens réels Chine. SOCIAL SCIENCE Discrimination & Race Relations. SOCIAL SCIENCE Minority Studies. Housing Prices Real property China |
work_keys_str_mv | AT dingding assessingchinasresidentialrealestatemarket |