Housing Sales in Urban Beijing
WPnull/11 Housing Sales in Urban Beijing
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In the housing market, new properties sometimes experience delays before they are sold. Such delays reflect the preferences of buyers in respect of the homes characteristics. Therefore, it is important for managerial purposes to identify the causes of housing sales delays. After analyzing the delays in sales of housing in Beijing City, China, the principal finding of this study is that delays are largely explained by the dwellings characteristics and location. Policy implications of the research findings, particularly those related to means of reducing the delays, are discussed.
Keywords:Duration models, survival models, Beijing, China
Number of Pages:27