Mortgage loan as a means of home finance in Urban China: A comparative study of Guangzhou and Shanghai

Si Ming LI*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

29 Citations (Scopus)

Abstract

This paper examines home financing in China, using data from household surveys conducted in Guangzhou and Shanghai. The nationwide Housing Provident Fund is still of minor importance. The majority of homebuyers continue to rely heavily on personal savings and parental contributions to finance home purchase. Mortgages are gaining importance, with slightly less than one-third of the purchases employing this means. Demographic attributes have relatively minor effects on mortgage loan utilisation. Socio-economic status is of somewhat greater significance; however, it exhibits contrasting effects in Guangzhou and Shanghai, which may be attributed to the difference in local housing market conditions. Migrants are discriminated by their hukou status. The findings show hukou status affects access to mortgage primarily through its impacts on the job market.

Original languageEnglish
Pages (from-to)857-876
Number of pages20
JournalHousing Studies
Volume25
Issue number6
DOIs
Publication statusPublished - Nov 2010

Scopus Subject Areas

  • Environmental Science (miscellaneous)
  • Sociology and Political Science
  • Urban Studies

User-Defined Keywords

  • China
  • Housing finance
  • HPF
  • Mortgage loan

Fingerprint

Dive into the research topics of 'Mortgage loan as a means of home finance in Urban China: A comparative study of Guangzhou and Shanghai'. Together they form a unique fingerprint.

Cite this