Unleashing the real estate market: assessing the impact of relaxed housing purchase restriction policy on house prices in China

doi:10.1080/13504851.2024.2332587

	Unleashing the real estate market: assessing the impact of relaxed housing purchase restriction policy on house prices in China
	Huang, Hengjun1,2 ; Gan, Xuewei1,3 ; Song, Yuyuan1
	2024-03-28
在线发表日期	2024-03
发表期刊	APPLIED ECONOMICS LETTERS
摘要	This study examines the effects of the relaxed housing purchase restriction (RHPR) policy on house prices in China, using panel data from 41 cities between January 2021 and June 2022. The study finds that the RHPR policy has a positive effect on the existing housing market, contributing to its stabilization. However, the impact on new house prices is unclear. Mechanism analysis indicates that the policy effectively boosts house demand and fosters positive market expectations. The study also finds that the policy has a greater impact on second-tier and northern cities. Additionally, the research indicates that the policy has stimulated house demand among non-registered populations and in non-restricted purchase zones. These results emphasize the importance of timely adjustment and optimization of real estate policies to maintain a stable and sustainable market.
关键词	Real estate market Relaxed housing purchase restriction policy House prices Multi-period DID
DOI	10.1080/13504851.2024.2332587
收录类别	SSCI
ISSN	1350-4851
语种	英语
WOS研究方向	Business & Economics
WOS类目	Economics
WOS记录号	WOS:001194331800001
出版者	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
原始文献类型	Article ; Early Access
EISSN	1466-4291
引用统计	被引频次[WOS]：0 [WOS记录] [WOS相关记录]
文献类型	期刊论文
条目标识符	http://ir.lzufe.edu.cn/handle/39EH0E1M/35778
专题	统计与数据科学学院金融学院
通讯作者	Gan, Xuewei
作者单位	1.Lanzhou Univ Finance & Econ, Sch Stat & Data Sci, Lanzhou, Peoples R China; 2.Gansu Prov Key Lab Digital Econ & Social Comp Sci, Lanzhou, Peoples R China; 3.Lanzhou Univ Finance & Econ, Sch Stat & Data Sci, 496 Duanjiatan, Lanzhou 730020, Gansu Province, Peoples R China
第一作者单位	兰州财经大学
通讯作者单位	兰州财经大学
推荐引用方式 GB/T 7714	Huang, Hengjun,Gan, Xuewei,Song, Yuyuan. Unleashing the real estate market: assessing the impact of relaxed housing purchase restriction policy on house prices in China[J]. APPLIED ECONOMICS LETTERS,2024.
APA	Huang, Hengjun,Gan, Xuewei,&Song, Yuyuan.(2024).Unleashing the real estate market: assessing the impact of relaxed housing purchase restriction policy on house prices in China.APPLIED ECONOMICS LETTERS.
MLA	Huang, Hengjun,et al."Unleashing the real estate market: assessing the impact of relaxed housing purchase restriction policy on house prices in China".APPLIED ECONOMICS LETTERS (2024).