The impact of COVID-19 on housing price: Evidence from China

Qian, Xianhang; Qiu, Shanyun; Zhang, Guangli

doi:10.1016/j.frl.2021.101944

Cited by 93 publications

(77 citation statements)

References 23 publications

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“…The results reveal that in communities with confirmed COVID-19 cases, there is a 2.47% fall in accommodation price, and the negative effect can continue for three months, with the scope of the effect actually increasing with time. The effect of COVID-19 on the accommodation price manifests only in the regions with higher COVID-19 infection levels or high mortality rates [80].…”

Section: Accommodation Pricesmentioning

confidence: 99%

“…Since the real estate industry plays an important role in the economy of the country, public authorities should focus more on the impact of COVID-19 on accommodation prices and implement a complementary real estate policy [80]. By using data about the confirmed community-level COVID-19 cases in a month and the accommodation price in China, we can analyze the impact of COVID-19 on the accommodation price.…”

Section: Accommodation Pricesmentioning

confidence: 99%

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Sustainable Construction Investment, Real Estate Development, and COVID-19: A Review of Literature in the Field

et al. 2021

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Aspects of sustainable construction investment and real estate development (CIRED) and their interrelations during the period pre-, intra-, and post-COVID-19, are presented in the research. Applications of the topic model, environmental psychology theory, building life cycle method, and certain elements of bibliometrics, webometrics, article level metrics, altmetrics, and scientometrics make it possible to perform a quantitative analysis on CIRED. The CIRED topic model was developed in seven steps. This paper aims to present a literature review on CIRED throughout the pandemic and to look at the responses from the real estate and construction sector. This sector is a field that appears to be rapidly expanding, judging from the volume of current research papers. This review focuses on last year’s leading peer-reviewed journals. A combination of various keywords was applied for the review and the criteria for paper selections included construction investment, real estate development, civil engineering, COVID-19, and sustainability, as well as residential, industrial, commercial, land, and special purpose real estate, along with their risks, strategies, and trends. The articles reviewed for this paper, which analyzes three hypotheses, look at pre-, intra-, and post-pandemic CIRED. The three hypotheses were validated by analyzing scientific publications from around the world. Two innovative elements make this study stand out among the most advanced research on pre-, intra-, and post-pandemic CIRED. The first of the two innovations is the integrated analysis of the COVID-19 pandemic, COVID-19-related national policies, and business investment strategies relevant to CIRED and the interests of investors as well as on the impact a CIRED policy and investors make on the spread of COVID-19. In addition, this research demonstrates a marked increase in the effectiveness of a CIRED analysis, when the life cycle of a CIRED, the involved stakeholders with their own individual interests, the COVID-19 situation, and the external micro-, meso-, and macro-environments are covered comprehensively as a single entity.

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Section: Accommodation Pricesmentioning

confidence: 99%

Section: Accommodation Pricesmentioning

confidence: 99%

Sustainable Construction Investment, Real Estate Development, and COVID-19: A Review of Literature in the Field

et al. 2021

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“…COVID-19 emerged as a pandemic in the first quarter of the year 2020 and had social ( Yezli and Khan, 2020 ), ecological ( Muhammad et al, 2020 ), political ( Kerr et al, 2021 ), and economic ( Qian et al, 2021 ) effects all over the world. At present, no internationally recognized measures are used as standards to cure COVID-19 patients ( Li et al, 2020 ).…”

Section: Introductionmentioning

confidence: 99%

What Explains Natives and Sojourners Preventive Health Behavior in a Pandemic: Role of Media and Scientific Self-Efficacy

et al. 2021

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The COVID-19 pandemic triggered a severe global public health emergency. The current research investigated and compared “Natives and Sojourners” health-protective behavior in Mainland China during the pandemic. We adopted a unified view to propose our theoretical model by adapting the Health Belief Model (HBM) and Institutional Theory (IT). The data obtained through an online survey questionnaire from 435 respondents during the second and third quarters of were analyzed. Structural equation modeling (SEM) was used to empirically analyze the proposed model. The media self-efficacy (MSE), scientific self-efficacy (SSE), perceived health risks (PHRs), and the perceived benefits of being protected have positive and significant effects on the definition of health-protective behavioral intentions among natives and sojourners in mainland China. Media and SSE can play a strategic role in formulating public health-protective behavior. The current research recommends an effective communication with sojourners during crisis for them to be a part of the national crisis management plan (i.e., infectious disease).

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“…In my research, in one of the analysed cities (Kraków) there were also dwelling price decreases (starting from Q2 2020) but the forecasting price dynamics showed possible decreases in two cities (Kraków and Gdańsk). In a similar study in China [59] using the difference-in-difference method, it has been shown that the impact of COVID-19 on housing price only exists in regions with a higher infection level of COVID-19. The research confirmed that the housing prices of the communities with confirmed COVID-19 cases are reduced by 2.47%.…”

Section: Literature Review With a Discussion Of Resultsmentioning

confidence: 99%

Housing Price Forecasting in Selected Polish Cities During the COVID-19 Pandemic

Bełej

2021

GaEE

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The COVID-19 pandemic represents a combined supply and demand shock to the financial and housing market but also an unusual negative shock in terms of the health of society (households) and national economy. The fall in housing demand was initially assumed together with price decreases as a consequence of the uncertainty of the health of society, significant falls in stock markets and corporate solvency. However, the results of research in selected Polish cities do not indicate such a significant market recession. This article examines the housing price dynamics and forecasting in Polish cities during the COVID-19 pandemic. The TRAMO/SEATS and ARIMA models were used for the decomposition and forecasting of dwelling time series. The Polish housing market, represented by selected local housing markets, still shows a growing trend despite the COVID-19 pandemic throughout 2020. The housing market may slow down in 2021, but the strong forecasted growth trends in Warszawa and Poznań suggest that there will be no significant price decline in Poland in the near future.

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The impact of COVID-19 on housing price: Evidence from China

Cited by 93 publications

References 23 publications

Sustainable Construction Investment, Real Estate Development, and COVID-19: A Review of Literature in the Field

Sustainable Construction Investment, Real Estate Development, and COVID-19: A Review of Literature in the Field

What Explains Natives and Sojourners Preventive Health Behavior in a Pandemic: Role of Media and Scientific Self-Efficacy

Housing Price Forecasting in Selected Polish Cities During the COVID-19 Pandemic

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