International Conference on Construction and Real Estate Management 2016
The Influence of Average Housing Price on Canceling Limit Purchasing City: An Example of Tianjin
Publication: ICCREM 2016: BIM Application and Off-Site Construction
ABSTRACT
Since the price of real estate kept rising, part of cities in China took the “house purchase limit policy”. It slowed down the rapid growth of average room rate, but it also made the real estate in China come to a deadlock. As the housing price gradually held stable in 3 years, Hohhot City broke the policy at first. Then, the other 41 cities canceled the “house purchase limit policy.” This paper will use economic and statistical model, as an example of average housing price in Tianjin, to analyze the influence on average room rate because of calling off the “house purchase limit policy,” based on the average room rate of one year from “house purchase limit policy” and canceling this policy (Oct. 2014–Sep. 2015). We try to find the balance between the policy of canceling quota and the prosperity and decline of Chinese real estate.
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REFERENCES
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Information & Authors
Information
Published In
ICCREM 2016: BIM Application and Off-Site Construction
Pages: 1005 - 1011
Editors: Yaowu Wang, Ph.D., Professor, Harbin Institute of Technology, Mohamed Al-Hussein, Ph.D., Professor, University of Alberta, Geoffrey Q. P. Shen, Ph.D., Professor, The Hong Kong Polytechnic University, and Yimin Zhu, Ph.D., Professor, Louisiana State University
ISBN (Online): 978-0-7844-8027-4
Copyright
© 2017 American Society of Civil Engineers.
History
Published online: Aug 14, 2017
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