International Housing Market Experience and Implications for ... - 9781138345034

CRC Press

International Housing Market Experience and Implications for ChinaAuthor(s): Rebecca L. H. Chiu, Zhi Liu, Bertrand Renaud\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138345034, 978-1138345034\nSynopsis\nRecent rapid housing market expansion in China is presenting new challenges for policy makers, planners, business people, and citizens. Now that housing in middle-income China is driven by consumer choices and is no longer dominated by state policy decisions, housing policy issues in Chinese cities are becoming increasingly similar to those encountered in other global housing markets. With soaring prices and imbalances in housing supply favoring high income groups and housing demand driven by rising inequality in household incomes, many middle and lower-income households face worsening choices in terms of the quality and location of their housing as well as greater financial difficulties, which together can have negative imp.