China-index-of-housing-affordability-by-City-UPDATED.pdfVIP

China Index of Housing Affordability by City (CIHAC) China index of housing affordability by city (CIHAC) Contents The index 2 Introduction 2 Methodology 7 Questions on the methodology 8 1 © The Economist Intelligence Unit Limited 2014 China index of housing affordability by city (CIHAC) The index Introduction The Economist Intelligence Unit has developed the China Index of Housing Affordability by City (CIHAC) to shed light on housing affordability in the country. The explosion in China’s real estate market over the past decade has resulted in rocketing house prices. Although this has brought about positive wealth effects and stoked a boom in real-estate development, the difficulty that many urban households now experience in getting onto the property ladder has become a major social problem and a potential source of unrest. The Chinese government has since 2010 imposed restrictions on prope