Research on the Impact of COVID-19 on China’s Real Estate Industry
- https://doi.org/10.2991/assehr.k.210407.078How to use a DOI?
- C19E, R-E industry, impact research
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.
- © 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 -