Land prices in China have been rising very rapidly; the growth has been as high as 16% per annum over eight years. This has been caused by both demand and supply factors. While it’s not realistic for this rate to continue, don’t expect a slump either, says Wharton real estate professor Joseph Gyourko.
Gyourko, along with colleagues at the National University of Singapore and Tsinghua University in China, has been studying the China housing market for some time now. It is not easy because data is difficult to come by, but the team has put together an index of housing land prices in China and is now planning a second phase to the research, Gyourko tells Knowledge@Wharton.
