An Empirical Study of the Housing-Price-to-Income Ratio of Some Typical Cities on the Basis of Purchase Installment Payment Model

DOI

10.2991/mdhss-13.2013.22How to use a DOI?

Keywords

housing-price-to-income ratio, income level, housing affordability, housing markets

Abstract

In recent years housing price has fluctuated violently, which aroused great social concern. The government introduces some regulatory measures to inhibit the growth of housing price. This paper try to discuss the housing affordability of residents, which is based on Housing-price-to-income Ratio(HPIR) and Purchase Installment Payment Model. After the calculation the reasonable HPIR interval is 3 to 8 in China. It’s obviously that the HPIR of First-tier cities and Second-tier cities exceeds the reasonable interval, while the HPIR of Third-tier cities and Fourth-tier cities lies the reasonable interval.

Copyright

© 2013, 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  - Yi Zhang
AU  - Jun Tan
PY  - 2013/12
DA  - 2013/12
TI  - An Empirical Study of the Housing-Price-to-Income Ratio of Some Typical Cities on the Basis of Purchase Installment Payment Model
BT  - Proceedings of the 2013 International Conference on the Modern Development of Humanities and Social Science
PB  - Atlantis Press
SP  - 86
EP  - 90
SN  - 1951-6851
UR  - https://doi.org/10.2991/mdhss-13.2013.22
DO  - 10.2991/mdhss-13.2013.22
ID  - Zhang2013/12
ER  -