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Housing sales in urban Beijing

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In the housing market, new properties sometimes experience delays before they are sold. Such delays reflect the preferences of buyers in respect of the homes’ characteristics. Therefore, it is important for managerial purposes to identify the causes of housing sales delays. After analysing the delays in sales of housing in Beijing City, China, the principal finding of this study is that delays are largely explained by the dwellings’ characteristics and location. Policy implications of the research findings, particularly those related to means of reducing the delays, are discussed.
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Keywords: Beijing; C41; China; duration models; survival models

Document Type: Research Article

Affiliations: 1: Instituto Superior de Economia e Gestão, Technical University of Lisbon, Rua Miguel Lupi, 20, 1249-078 Lisbon, Portugal 2: School of Economics, Wuhan University of Technology, JianLake Campus, Luoshi Road 122 Wuhan, Hubei Province, China 3: Faculty of Economics and Business Administration, University of Navarra, Edificio Biblioteca, Entrada Este E-31080 Pamplona, Spain

Publication date: 2012-12-01

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