An appraisal by an accredited appraiser is often necessary before a proposed development can receive a commitment for financing from a financial institution. Such pre‐construction appraisals are often more difficult to complete than those where the subject property is already developed and...

Since 2004, two auction mechanisms – listing auctions and tender auctions – have played a dominant role in land lease arrangements for real estate development in Beijing. Listing auctions in land markets are similar to general English auctions, where bidders offer the highest price...

After three decades of housing reform, Chinese government embarked on a large-scale expansion of public housing provision over the last few years. This very ambitious plan of public housing construction aims at reducing the negative impacts from global economic slowdown since 2008; at the same time,...

The implicit prices of housing characteristics concerning the physical structure, location, environment and the risk of construction quality in China are examined in this paper. The hedonic price model with uncertainty of construction quality is adopted. Data is collected from the Beijing...

Significant fluctuations in house prices have received considerable attention in recent years. An understanding of the forces underlying the departure from fundamental values is important in explaining the mechanisms underlying housing market performance and predicting potential house price...

Housing affordability has long been on the agenda of China’s policy makers. Imperfections in the housing system and growing disparities in income and wealth have been central to the problem of affordable housing. Housing reforms in China led to the creation of a market-oriented housing...

The long run linkages between Swedish housing prices and property stock prices are investigated with the consideration that rental control system applied in Sweden could deviate asset prices from the suggested co‐integration. To confirm the degree of equilibrium, Error Correction Model with...