| ID | 116538 |
| Title Proper | Are house prices too high in China? |
| Language | ENG |
| Author | Shen, Ling |
| Publication | 2012. |
| Summary / Abstract (Note) | 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. |
| `In' analytical Note | China Economic Review Vol. 23, No.4; Dec 2012: p.1206-1210 |
| Journal Source | China Economic Review Vol. 23, No.4; Dec 2012: p.1206-1210 |
| Key Words | Housing Affordability ; Price - to - Income Ratio ; Growth ; China |