Housing price development in Shanghai

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dc.contributorAalto-yliopistofi
dc.contributorAalto Universityen
dc.contributor.advisorFalkenbach, Heidi
dc.contributor.authorTian, Lili
dc.contributor.schoolInsinööritieteiden korkeakoulufi
dc.contributor.supervisorFalkenbach, Heidi
dc.date.accessioned2019-06-23T15:02:42Z
dc.date.available2019-06-23T15:02:42Z
dc.date.issued2019-06-17
dc.description.abstractRapid increase in housing prices and growing mortgage lending aroused great concern of whether there is bubble in Chinese housing market. In fact, the price-to-rent ratio and price-to-income ratio soar in most Chinese cities, especially in coastal- and some inland- areas, making housing affordability a prominent issue. The thesis tends to examine housing price movement in Shanghai over years 2002 to 2017 in order to reveal whether there was a bubble in Shanghai housing market and the possible implications. Measures like price-to-rent ratio, price-to-income ratio and cointegration test are employed to reflect the interaction between house price and market determinants like disposable income, GDP and land price etc. The house price movement shall be taken with caution in order to develop a dynamic housing market.en
dc.format.extent34
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/38923
dc.identifier.urnURN:NBN:fi:aalto-201906233989
dc.language.isoenen
dc.programmeMaster's Programme in Real Estate Economics (REC)fi
dc.programme.majorfi
dc.programme.mcodefi
dc.subject.keywordShanghai housing priceen
dc.subject.keywordhousing bubbleen
dc.subject.keywordcointegration testen
dc.subject.keywordprice-to-income ratioen
dc.titleHousing price development in Shanghaien
dc.typeG2 Pro gradu, diplomityöfi
dc.type.ontasotMaster's thesisen
dc.type.ontasotDiplomityöfi
local.aalto.electroniconlyyes
local.aalto.openaccessyes
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