Impact of housing policies on the real estate market - Systematic literature review
Real estate majorly contributes to the national gross domestic product (GDP) growth, occupying an important position in the national economy. It is the largest fixed asset for households. The real estate market is associated with a wide range of economic aspects with more upstream and downstream ent...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Elsevier
2023-10-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844023079124 |
| _version_ | 1797646496240238592 |
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| author | Chuan Zhao Fuxi Liu |
| author_facet | Chuan Zhao Fuxi Liu |
| author_sort | Chuan Zhao |
| collection | DOAJ |
| description | Real estate majorly contributes to the national gross domestic product (GDP) growth, occupying an important position in the national economy. It is the largest fixed asset for households. The real estate market is associated with a wide range of economic aspects with more upstream and downstream enterprises. Simultaneously, the factors affecting the real estate market are complex and variable. Fluctuations in the real estate market affect the entire economic system. This requires the government to formulate relevant housing policies to stabilize the operation of the real estate market. Therefore, it is meaningful to study the impact of housing policies on the real estate market and provide reasonable opinions for the housing sector in formulating policies. This study adopts a systematic quantitative literature review to examine the impact of housing policies on the real estate market. This study finds that housing policies affecting the real estate market can be divided into the following three categories: monetary, tax, and macro-prudential policies. Changes in supply and demand in the real estate market primarily reflect the effectiveness of policies, with housing price factors as the transmission mechanism. Furthermore, the influence of housing policies from different countries and regions on real estate market factors is compared to provide a reference for scholars to pursue further study. |
| first_indexed | 2024-03-11T15:02:28Z |
| format | Article |
| id | doaj.art-1c5385b5b3e544a7953abddf5604e383 |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-03-11T15:02:28Z |
| publishDate | 2023-10-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-1c5385b5b3e544a7953abddf5604e3832023-10-30T06:07:05ZengElsevierHeliyon2405-84402023-10-01910e20704Impact of housing policies on the real estate market - Systematic literature reviewChuan Zhao0Fuxi Liu1Wuhan University, Center for Studies of Traditional Chinese Culture of Wuhan University, Wuhan, 430072, ChinaNanyang Vocational College of Agriculture, Nanyang, 473000, China; Corresponding author.Real estate majorly contributes to the national gross domestic product (GDP) growth, occupying an important position in the national economy. It is the largest fixed asset for households. The real estate market is associated with a wide range of economic aspects with more upstream and downstream enterprises. Simultaneously, the factors affecting the real estate market are complex and variable. Fluctuations in the real estate market affect the entire economic system. This requires the government to formulate relevant housing policies to stabilize the operation of the real estate market. Therefore, it is meaningful to study the impact of housing policies on the real estate market and provide reasonable opinions for the housing sector in formulating policies. This study adopts a systematic quantitative literature review to examine the impact of housing policies on the real estate market. This study finds that housing policies affecting the real estate market can be divided into the following three categories: monetary, tax, and macro-prudential policies. Changes in supply and demand in the real estate market primarily reflect the effectiveness of policies, with housing price factors as the transmission mechanism. Furthermore, the influence of housing policies from different countries and regions on real estate market factors is compared to provide a reference for scholars to pursue further study.http://www.sciencedirect.com/science/article/pii/S2405844023079124policyThe housing marketHousing |
| spellingShingle | Chuan Zhao Fuxi Liu Impact of housing policies on the real estate market - Systematic literature review Heliyon policy The housing market Housing |
| title | Impact of housing policies on the real estate market - Systematic literature review |
| title_full | Impact of housing policies on the real estate market - Systematic literature review |
| title_fullStr | Impact of housing policies on the real estate market - Systematic literature review |
| title_full_unstemmed | Impact of housing policies on the real estate market - Systematic literature review |
| title_short | Impact of housing policies on the real estate market - Systematic literature review |
| title_sort | impact of housing policies on the real estate market systematic literature review |
| topic | policy The housing market Housing |
| url | http://www.sciencedirect.com/science/article/pii/S2405844023079124 |
| work_keys_str_mv | AT chuanzhao impactofhousingpoliciesontherealestatemarketsystematicliteraturereview AT fuxiliu impactofhousingpoliciesontherealestatemarketsystematicliteraturereview |