The housing market in Beijing and delays in sales. A fractional polynomial survival model
Authors
Luis Alberiko Gil-Alaña
Carlos Pestana Barros
Zhongfei Chen
Type
Article
Publisher
Economic Modelling Vol. 42
Pages
296–300
Date
01-10-2014

This paper analyzes housing sales delay in Beijing, China. In the housing market, new properties sometimes experience delays before they are sold. Such delays reflect the preferences of buyers with regard to the characteristics of the housing. Therefore, it is important for managerial purposes to identify the causes of housing sales delays. It is concluded that delays are largely explained by the dwellings' characteristics and location. Policy implications of the research findings, particularly those related to means of shortening the delays, are discussed.