China’s Housing Booms: A Challenge to Bubble Theory

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Natacha Aveline-Dubach (2020) In Pumain, Denise (ed.): Theories and Models of Urbanization. Cham: Springer, pp 183-208 Abstract. Over the past two decades, Chinese cities have experienced real estate booms displaying clear signs of “bubble” elements, including, inter allia, prohibitive residential prices, an accumulation of debt, and severe overbuilding. In 2014, many media commentators claimed that Chinese property markets were about to burst. Yet house prices have started to rise ...

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