Structural change in housing submarkets in burgeoning real estate market: A case of Hangzhou, China

Zhang Ling; Chi Man Hui

doi:10.1016/j.habitatint.2012.12.006

Structural change in housing submarkets in burgeoning real estate market: A case of Hangzhou, China

Zhang Ling, Chi Man Hui

Research output: Journal article publication › Journal article › Academic research › peer-review

24 Citations (Scopus)

Abstract

Most studies about housing submarkets have focused on its definition and identification. Recently more attention has been paid to the structural persistence in housing markets, yet the explanation for submarket dynamic patterns is still limited. This paper examines the performance of housing submarkets in Hangzhou city of China, during the booming period of 1998-2009. The findings, based on both static and time series analysis, suggest that the structure of submarkets within the city is not stable. However, the relocation pattern, coupled with the trends in housing development, can explain the evolution of a submarket structure to some degree.

Original language	English
Pages (from-to)	214-223
Number of pages	10
Journal	Habitat International
Volume	39
DOIs	https://doi.org/10.1016/j.habitatint.2012.12.006
Publication status	Published - 1 Jan 2013

Keywords

Burgeoning real estate market
Hedonic model
Housing development
Housing submarkets
Relocation

ASJC Scopus subject areas

Nature and Landscape Conservation

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

More information

10.1016/j.habitatint.2012.12.006

Cite this

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AB - Most studies about housing submarkets have focused on its definition and identification. Recently more attention has been paid to the structural persistence in housing markets, yet the explanation for submarket dynamic patterns is still limited. This paper examines the performance of housing submarkets in Hangzhou city of China, during the booming period of 1998-2009. The findings, based on both static and time series analysis, suggest that the structure of submarkets within the city is not stable. However, the relocation pattern, coupled with the trends in housing development, can explain the evolution of a submarket structure to some degree.

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Structural change in housing submarkets in burgeoning real estate market: A case of Hangzhou, China

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

More information

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