Abstract

Damdeok Tsamos

During the last ten years, real house prices have increased in China at a rate faster than inflation and job compensation. It is now a conventional wisdom that location, affordability and amenity increase housing values in the neighborhoods and communities they inhabit. But, few existing studies deal with it. This paper aims to report on a study that contributes to the understanding of the roles of location, affordability and amenity on housing values in China. The key findings confirm the general theory and hypotheses. The analysis presents evidence that location, affordability and amenity are positively influenced by housing values. The correlation among location, affordability and amenity are also computed. This research contributes to the understanding of the determinants of housing values in emerging markets like China.