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Land and residential property markets in a booming economy Article Essay
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Read the PDF and write a 1.5 pages report, single space, avoid plagiarism.
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Tags: Economy Housing Market science method Beijing real estate devel opers Land and residential property markets
Land and residential property markets in a booming economy Article Essay
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07_zheng_and_kahn_2008_jue.pdf
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Journal of Urban Economics 63 (2008) 743–757 www.elsevier.com/locate/jue Land and residential property markets in a booming economy: New evidence from Beijing Siqi Zheng a , Matthew E. Kahn b,∗ a Institute of Real Estate Studies, Tsinghua University, Beijing 100084, China b UCLA, Institute of the Environment, La Kretz Hall, Suite 300, Box 951496, Los Angeles, CA 90095, USA Received 19 November 2006; revised 27 April 2007 Available online 15 August 2007 Abstract Beijing’s housing market has boomed over the last fifteen years. The city’s population grew by 40.6% and per capita income (in constant RMB) by 273.9% from 1991 to 2005. Using two geocoded data sets, we present new evidence on the real estate price gradient, land price
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