Proceedings of the 2021 6th International Conference on Social Sciences and Economic Development (ICSSED 2021)

Research on the Impact of COVID-19 on China’s Real Estate Industry

Authors
Huatai SONG
Corresponding Author
Huatai SONG
Available Online 8 April 2021.
DOI
https://doi.org/10.2991/assehr.k.210407.078How to use a DOI?
Keywords
C19E, R-E industry, impact research
Abstract

China’s macro economy is greatly affected by the COVID-19 epidemic (hereinafter referred to as “C19E”), and due to the spread of the epidemic abroad, the Chinese economy will still be affected by the global epidemic after the domestic epidemic is controlled. In the short term, the outbreak of the C19E will have a strong impact on the Chinese real estate (hereinafter referred to as “R-E”) market. R-E sales and construction have almost stalled, and the pressure on R-E companies’ funds has increased, and the R-E industry will accelerate integration; in the medium and long term, as the domestic epidemic situation changes Well, the R-E industry recovered quickly, the market gradually recovered, and some markets experienced overheating. Due to the changes in housing values in the market, residents will pay more attention to the quality of housing, and the urban circle with first-tier cities and second-tier cities as the core has both population and industrial advantages, and it is easier to create a good living environment. Therefore, in the future, first-tier cities and second-tier cities R-E will remain the main focus of the market.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2021 6th International Conference on Social Sciences and Economic Development (ICSSED 2021)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
8 April 2021
ISBN
978-94-6239-360-8
ISSN
2352-5398
DOI
https://doi.org/10.2991/assehr.k.210407.078How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Huatai SONG
PY  - 2021
DA  - 2021/04/08
TI  - Research on the Impact of COVID-19 on China’s Real Estate Industry
BT  - Proceedings of the 2021 6th International Conference on Social Sciences and Economic Development (ICSSED 2021)
PB  - Atlantis Press
SP  - 401
EP  - 406
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210407.078
DO  - https://doi.org/10.2991/assehr.k.210407.078
ID  - SONG2021
ER  -