Determinants and Sustainability of House Prices : The Case of Shanghai , China

@inproceedings{Zou2015DeterminantsAS,
  title={Determinants and Sustainability of House Prices : The Case of Shanghai , China},
  author={G Zou and K Chau},
  year={2015}
}
Recent housing policies include measures for home purchase control and shanty town redevelopment. This study proposes sustainable pricing, in that the long-run equilibrium price is determined by the fundamentals of house prices. We argue that changes in CPI might have led to rapidly growing house prices and rather high price levels. We investigate the long-run or short-run impacts of new commodity housing completions, transacted square meters of commodity housing, and CPI for house prices in… CONTINUE READING

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