Analysis and Measuring of Real Estate Bubble in China

作者：Yu Hualin

来源：9th International Conference on Innovation and Management, 2012-11-14 to 2012-11-16.

• Real estate bubble
• Measurement
• Housing price-earnings ratio
• Rents-sales ratio

Since the market-oriented reforms of China's housing system from 1991, the prices of real estate have experienced a sustained rise. In particular, the rate of increase of average price of Chinese residential real estate has become more than 12% since 2004. This paper uses the measurement of Indicator Approach to find out that a series of indicators of measurement of the real estate bubble have reached and exceeded the warning line, such as the proportion of the real estate investment in GDP, housing price-earnings ratio, rents-sales ratio, which indicate that the appearance of China's real estate bubble and the trend of amplification. This paper is intended for the government to take appropriate and proportionate measures to ease the real estate bubble gradually and to provide a basis for "soft landing" of the real estate bubble.

• 出版日期2012
• 单位武汉理工大学