The Affordability of Owner Occupied Housing in Beijing

• Facilitating home ownership and providing more affordable housing has received considerable attention in urban China. However, it remains a challenge to develop better measurements of affordability due to the income disparity and housing inequality in Beijing. In this study, a new measure of affordability is defined by residual income. Therefore, a minimum required budget for a family to purchase a "standard" unit is deduced by accounting for the basic necessities and financial loans. This paper also discusses the deficiencies of the implemented "Economic Housing Plan" on bridging the housing affordability gap.

Ämnesord

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business (hsv//eng)

Nyckelord

Beijing

China

Economic housing plan

Housing affordability

Low-to medium-income household

Residual income

SOCIAL SCIENCES

SAMHÄLLSVETENSKAP

Publikations- och innehållstyp

ref (ämneskategori)

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