International Economics and Trade College of Shanghai University of International Business and Economics, Shanghai 201620, China
With rapid development of urbanization, housing demand in China increases sharply with scarce land resources, leading to a surge of housing price particularly in first-tier cities. Wealthy people consider real estate as an approach of investment while ordinary people struggle to earn one and even don’t own a house.
First and Second-Tier Cities; Purchase Restriction; Housing policy
Zhou XinYi. The Comparison of Purchase Restriction Policy in the First and Second-Tier Cities. The Frontiers of Society, Science and Technology (2020) Vol. 2 Issue 4: 39-40. https://doi.org/10.25236/FSST.2020.020410.
 Zhou WenShuo (2017) . Welfare cost and improvement measures of China’s real estate regulation policies- a case study of Chengdu, Journal of Chengdu University of Administration, no.4, pp.56-58
 The Housing Market Effects of Local Home Purchase Restrictions: Evidence from Beijing, Weizeng SUN, Department of Construction Management & Hang Lung Center for Real Estate Tsinghua University
 Zhao Tong, Zhou ShiFeng (2013). Analysis of the effect of the restriction order on the real estate market Northern economy, no.22, pp.8-10
 Lu Yang, Li LuoWei (2018). Empirical analysis of the effect of purchase restriction order on real estate price Finance Economy, no.8, pp.26-28
 Mo Jia (2018). The effect of purchase restriction order on real estate economy in first-tier cities Housing and Real Estate, no.13, pp.21-22.