The Interdependence of Housing Market and Banking Sector in Croatia

Slišković, Tamara; Nakić, Martina; Sekur, Tomislav

doi:10.1007/978-3-030-11833-4_18

Cited by 1 publication

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“…The rate of growth in average housing prices in most Chinese cities has been slowing down recently compared with before the outbreak of the COVID-19 pandemic. The prices of housing became more polarized and even revealed a downward trend in certain cases [45][46][47][48][49]. On the contrary, the housing prices in some neighborhoods significantly increased in terms of advantages in urban economic and medical conditions and governance [50].…”

Section: Introductionmentioning

confidence: 99%

Effects of Urban Parks on Housing Prices in the Post-COVID-19 Pandemic Era in China

Yang,

Ye,

Peng

et al. 2024

Land

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Urban parks are important for improving the quality of living environments. Although the impact of parks on housing prices has been well documented, the effects of the COVID-19 pandemic remain vague. This paper analyzes the housing prices of neighborhoods around Meixi Lake park in Changsha, at the initial stage of the COVID-19 pandemic in June 2020 and the stable stage of the recovery period in June 2023, which demonstrates the impacts of urban parks on property pricing and housing choice based on residential transaction data. The results indicate that urban parks are given a high priority in determining people’s choices. In June 2020, the risk of epidemic transmission and noise interference lowered the price of property that is close to public parks and recreational facilities. However, good management and social services in residential areas increase housing prices. However, when the pandemic ended, the strong demand for outdoor activities led to a price rise in the properties near Meixi Lake park. People are most likely to choose houses in a neighborhood characterized by good educational facilities and a high-quality living environment. More specially, the houses with a short distance to parks and where residents can enjoy the view of a lake or mountains are preferable to any others. A residential area adjacent to a super large park paired with a small park is the most valuable consideration for property developers and housing consumers.

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