Are House Prices Rising Too Fast in China? /

Sharp increase in house prices combined with the extraordinary Chinese lending growth during 2009 has led to concerns of an emerging real estate bubble. We find that, for China as a whole, the current levels of house prices do not seem significantly higher than would be justified by underlying funda...

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Detalles Bibliográficos
Autor principal: Ahuja, Ashvin
Otros Autores: Cheung, Lillian, Han, Gaofeng, Porter, Nathan
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2010.
Colección:IMF Working Papers; Working Paper ; No. 2010/274
Acceso en línea:Full text available on IMF
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520 3 |a Sharp increase in house prices combined with the extraordinary Chinese lending growth during 2009 has led to concerns of an emerging real estate bubble. We find that, for China as a whole, the current levels of house prices do not seem significantly higher than would be justified by underlying fundamentals. However, there are signs of overvaluation in some cities' mass-market and luxury segments. Unlike advanced economies before 2007-8, prices have tended to correct frequently in China.Given persistently low real interest rates, lack of alternative investment and mortgage-to-GDP trend, rapid property price growth in China has, and will continue to have,a structural driver. 
538 |a Mode of access: Internet 
700 1 |a Cheung, Lillian. 
700 1 |a Han, Gaofeng. 
700 1 |a Porter, Nathan. 
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