Document Type
Article
Publication Date
2019
Abstract
China has seen extraordinary economic growth for the past two decades, coupled with a booming housing market. Following the 2008 financial crisis, however, observers began worrying that the Chinese real estate market had been gripped by a speculative bubble. We use residential rent and price data to assess whether these fears are justified. We conclude that residential real estate markets are bubbly in Beijing and Shanghai, with the Beijing housing market frothier than the Shanghai market.
Terms of Use & License Information
Recommended Citation
Smith, Gary N. and Liang, Wesley, "The Chinese Real Estate Bubble" (2019). Pomona Economics. 7.
https://scholarship.claremont.edu/pomona_fac_econ/7
