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Paper eres2017_343:
Housing policy, market intervention and provision of affordable and social housing in Shanghai

id eres2017_343
authors Cao, Albert Junjian; Yunqing Xu
year 2017
title Housing policy, market intervention and provision of affordable and social housing in Shanghai
source 24th Annual European Real Estate Society Conference in Delft, Netherlands
summary Affordability of housing in Shanghai has deteriorated as house prices in rose 46.1% in 2015 and 2016. This paper examines housing policy changes in Shanghai since purchase restrictions were imposed to stop housing investment by non-local residents and affordable and social housing provision provided in quantity since 2010. It employs an analytical framework of imposed and induced institutional changes to examine the practices in the housing market that seek to compromise government controls and the responses from the Shanghai Municipal Government to achieve housing market stability. The paper also reviews the provision of affordable and social housing in Shanghai to improve housing conditions of low-income households and provide help to low-middle income households to step on the housing ladder. It concludes that the government lacks a long-term strategy to stabilise house prices and needs to improve management of its expanding affordable and social housing stock to reduce abuse by some beneficiaries.
keywords Housing prices; Shanghai; institutional changes; housing policy; affordable and social housing
series ERES:conference
type paper session
discussion No discussions. Post discussion ...
ratings
session Housing Policy
last changed 2017/11/18 16:20
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