Residential Real Estate Market of the People’s Republic of China: Features, Problems and Development Prospects

ERI FEB RAS	Issue's contents	RUS
	Regionalistica 2024 Volume 11 number 5 pages 59-76

Title of the article	Residential Real Estate Market of the People’s Republic of China: Features, Problems and Development Prospects
Pages	59-76
Author	Pogorletskiy Alexander Igorevich doctor of economics, professor SPbU 7-9, Universitetskaya Embankment, St Petersburg, Russia, 199034 chief researcher Financial University 49/2, Leningradsky Prospekt, Moscow, Russia, 125167 This email address is being protected from spambots. You need JavaScript enabled to view it. ORCID: 0000-0003-4495-5557
Abstract	By the beginning of the 21st century, the residential real estate market had become the driving force behind the growth of the Chinese economy, giving a powerful impetus to the development of related types of economic activity. The article presents the characteristics of its features, including mechanisms to support investments in real estate, identifies problems and prospects for the functioning of the housing market, considering the risks of a recurrence of the mortgage and financial crises according to the US scenario. The role of the state in regulating the residential real estate market of the People’s Republic of China is defined, including one that creates a few risks. The results of the study may be useful in assessing the situation on the residential real estate market and in the construction industry of the Russian Federation.
Code	330.35+330.354+332.6
DOI	10.14530/reg.2024.5.59
Keywords	mortgage lending, taxation of residential real estate, residential real estate market, construction, housing prices, economic growth, China
Download	2024-05.59.pdf
For citation	Pogorletskiy A.I. Residential Real Estate Market of the People’s Republic of China: Features, Problems and Development Prospects. Regionalistica [Regionalistics]. 2024. Vol. 11. No. 5. Pp. 59–76. http://dx.doi.org/10.14530/reg.2024.5.59 (In Russian)
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Financing	The article was prepared based on the results of research carried out at the expense of budget funds under the state assignment of the Financial University under the Government of the Russian Federation.
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