ISSN 1995 - 1248
ON THE FACTORS OF DEVELOPMENT OF REAL ESTATE MARKET IN THE PEOPLE’S REPUBLIC OF CHINA
Zeng Chao |
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zengchao@yandex.ru |
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a postgraduate student, Saint-Petersburg State University of Architecture and Civil Engineering |
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St. Petersburg |
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Keywords: |
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Present-day China is facing one of the most crucial socio-economic challenges, that is a housing problem which resulted from the lack of affordable housing with the population size constantly increasing. The development of residential real estate market in China should contribute to the solution of the problem. However, this market is under the influence of various factors that need to be taken into account. In this regard, classifying real estate market development factors appears to be quite an urgent issue. The article has consistently examined five groups of factors that have impact on real estate market in China: political and legal, economic, social, natural and geographic, scientific and technical. |