“The inequalities of a given society unavoidably affect its real estate market” - 中欧社会论坛 - China Europa Forum

“The inequalities of a given society unavoidably affect its real estate market”

Home ownership a difficult goal to reach if housing system is not improved

Authors: Sun Liping

Date: 6 juillet 2006

Extract from ” Urban development issues in China’s Cities: Part Two“

Published by Article on the Tianyi web site

Abstract: In the first decade of the 21st century, people in every city in China, including Shanghai, Beijing, and Guangzhou, are confronted with real estate developers and agents. With market prices on the rise, these professionals have gained a bad reputation among the population, which accuse them of having lost all sense of ethics and social responsibility. This typically “Chinese” trend has not occurred in other countries, and is not even seen in other consumer sectors. The present article discusses this particular phenomenon in an attempt to uncover the realities of the housing market, and examines how the phenomenon is connected to broader issues in Chinese society by studying the problem from all angles.

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