Has China’s Housing Security Policy Affected the Housing Market?—Analysis Based on Housing Market Data from 35 Monitored Cities
This study investigates how China’s affordable housing policies have shaped the real estate market, using data from 35 major cities between 2010 and 2023. By analyzing housing prices, sales, and investment trends with advanced statistical methods, we found that increasing the supply of affordable ho...
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MDPI AG
2025-05-01
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| author | Guangjun Deng Weihan Zhou Dingxing Wang |
| author_facet | Guangjun Deng Weihan Zhou Dingxing Wang |
| author_sort | Guangjun Deng |
| collection | DOAJ |
| description | This study investigates how China’s affordable housing policies have shaped the real estate market, using data from 35 major cities between 2010 and 2023. By analyzing housing prices, sales, and investment trends with advanced statistical methods, we found that increasing the supply of affordable housing significantly slows down rising home prices, especially in cities with high housing costs. During the COVID-19 pandemic, these policies also helped stabilize the market by boosting housing sales and reducing price volatility. Our research highlights regional differences: affordable housing works best in economically developed eastern cities to curb prices, while in less-developed central and western areas, it may temporarily increase prices due to land competition. We also show that affordable housing absorbs demand from low- and middle-income buyers, easing pressure on commercial housing markets over time. This study provides practical insights for policymakers to design targeted housing strategies, optimize land use, and enhance urban resilience during crises, like pandemics. By combining real-world data with robust analysis, we offer a clearer picture of how housing security policies can balance market stability and affordability in rapidly urbanizing economies. |
| format | Article |
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| institution | Kabale University |
| issn | 2075-5309 |
| language | English |
| publishDate | 2025-05-01 |
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| series | Buildings |
| spelling | doaj-art-ed2e4c1ed25344c5b6bc79d8c46fff122025-08-20T03:46:38ZengMDPI AGBuildings2075-53092025-05-011511184710.3390/buildings15111847Has China’s Housing Security Policy Affected the Housing Market?—Analysis Based on Housing Market Data from 35 Monitored CitiesGuangjun Deng0Weihan Zhou1Dingxing Wang2School of Economics, Management and Law, Hubei Normal University, Huangshi 435002, ChinaSchool of Economics, Management and Law, Hubei Normal University, Huangshi 435002, ChinaSchool of Economics, Management and Law, Hubei Normal University, Huangshi 435002, ChinaThis study investigates how China’s affordable housing policies have shaped the real estate market, using data from 35 major cities between 2010 and 2023. By analyzing housing prices, sales, and investment trends with advanced statistical methods, we found that increasing the supply of affordable housing significantly slows down rising home prices, especially in cities with high housing costs. During the COVID-19 pandemic, these policies also helped stabilize the market by boosting housing sales and reducing price volatility. Our research highlights regional differences: affordable housing works best in economically developed eastern cities to curb prices, while in less-developed central and western areas, it may temporarily increase prices due to land competition. We also show that affordable housing absorbs demand from low- and middle-income buyers, easing pressure on commercial housing markets over time. This study provides practical insights for policymakers to design targeted housing strategies, optimize land use, and enhance urban resilience during crises, like pandemics. By combining real-world data with robust analysis, we offer a clearer picture of how housing security policies can balance market stability and affordability in rapidly urbanizing economies.https://www.mdpi.com/2075-5309/15/11/1847affordable housing policyshift-share methodCOVID-19housing prices |
| spellingShingle | Guangjun Deng Weihan Zhou Dingxing Wang Has China’s Housing Security Policy Affected the Housing Market?—Analysis Based on Housing Market Data from 35 Monitored Cities Buildings affordable housing policy shift-share method COVID-19 housing prices |
| title | Has China’s Housing Security Policy Affected the Housing Market?—Analysis Based on Housing Market Data from 35 Monitored Cities |
| title_full | Has China’s Housing Security Policy Affected the Housing Market?—Analysis Based on Housing Market Data from 35 Monitored Cities |
| title_fullStr | Has China’s Housing Security Policy Affected the Housing Market?—Analysis Based on Housing Market Data from 35 Monitored Cities |
| title_full_unstemmed | Has China’s Housing Security Policy Affected the Housing Market?—Analysis Based on Housing Market Data from 35 Monitored Cities |
| title_short | Has China’s Housing Security Policy Affected the Housing Market?—Analysis Based on Housing Market Data from 35 Monitored Cities |
| title_sort | has china s housing security policy affected the housing market analysis based on housing market data from 35 monitored cities |
| topic | affordable housing policy shift-share method COVID-19 housing prices |
| url | https://www.mdpi.com/2075-5309/15/11/1847 |
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