The problems and suggestions of real estate development: Evidence from Shanghai

Abstract

The development of real estate not only affects the sustainable development of economy and society, but also is closely related to people's life. China's real estate development has received a lot of attention, especially in big cities. Taking the real estate in Shanghai as an example, this paper deeply analyzes the possible problems in the development of Shanghai real estate, including the high housing price and the fact that the house has become a financial product. We found that limiting the number of purchases and investigating buyers' sources of finance could help ease Shanghai's housing problems.