The Impact of the Epidemic on China’s Real Estate Industry in 2020

DOI

10.2991/aebmr.k.210319.040How to use a DOI?

Keywords

The real estate, the impact of novel coronavirus, data analysis, China, market economy

Abstract

With the spread of the novel Coronavirus, 2020 is destined to be an extraordinary year. From January to May, Chinese people prevented themselves from virus infection through home isolation. Therefore, almost all industries except the Internet industry have suffered losses. With the decrease in the number of infected cases, people began to go back to schools and work. Recently, the author noticed that there has been a significant increase in the number of houses for sale advertisements, so the author decided to explore the impact of novel Coronavirus on the development of the real estate industry. Based on the life cycle of big data, the author used the data from the National Bureau of Statistics [1] to analyze it. The final conclusion is that the epidemic has a negative impact on China’s real estate industry. The epidemic caused the sales of real estate to decrease a lot from January to March, but start from April, the epidemic was almost under control and the real estate economy steadily picked up.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yucheng Li
PY  - 2021
DA  - 2021/03/22
TI  - The Impact of the Epidemic on China’s Real Estate Industry in 2020
BT  - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
PB  - Atlantis Press
SP  - 217
EP  - 221
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210319.040
DO  - 10.2991/aebmr.k.210319.040
ID  - Li2021
ER  -