The Impacts of Housing Affordability on Social and Economic Sustainability in Beijing

Wang.Z, Han.J.H&Lim.B.(2012).The Impacts of Housing Affordability on Social and Economic Sustainability in Beijing. Australian Journal of Construction Economics and Building, Conference Series, 12(1), 47-55.

This article by Zhimin Wang, Jung Hoon Han and Benson Lim are from The University of New South Wales in Australia, analyzes the housing affordability of people in Beijing in social and economic area. They learn that since 1998’s policy reformation, the housing price has grown exponentially. The authors want to explore the relationship among housing affordability, economic performance and social characters in big cities for example Beijing. They collect data during past twelve years, then they find housing affordability will influence economy positively and low housing affordability will lead un-sustainability on economic and social impacts. The article shows a new insight to people about the sustainability of housing.

    Housing price in big cities increases fast especially in Chinese cities. Beijing is one of the cities with highest prices, so it is a good object of study. The authors offer some important data from 1999 to 2010 to study the relationship housing price and economy and society. The article also studies how the housing prices affect the sustainability of economy and social by collecting a range of evidence. These evidences provide us strong resources. The authors also show us the good impacts and negative impacts brought by increasing housing price. However, the analysis in this article is limited and not too deep. As well, it clearly shows how housing price related to sustainability of economy and social.