Specifics of real estate market development in China

Abstract

Specifics of real estate market development in China

The economic growth of China is inseparably linked with urbanization. The real estate market has expanded and became a major driver of economic growth. The central government reforms the system of land distribution with transformation of the socialist plan-centralized model to a market economy system. The development of China's real estate market occurs due to the improvement of institutional and operational factors. The real estate development in China is affected by foreign direct investment. Financing is one of the most important elements of a successful real estate development.

Keywords: urban growth, real estate market, real estate transfer, grant of the land-use right, real estate development, real estate businesses, state-owned land, real estate financing