Econometric Analyses of International Housing Markets

This book explores how econometric modelling can be used to provide valuable insight into international housing markets. Initially describing the role of econometrics modelling in real estate market research and how it has developed in recent years, the book goes on to compare and contrast the impact of various macroeconomic factors on developed and developing housing markets. Explaining the similarities and differences in the impact of financial crises on housing markets around the world, the author's econometric analysis of housing markets across the world provides a broad and nuanced perspective on the impact of both international financial markets and local macro economy on housing markets. With discussion of countries such as China, Germany, UK, US and South Africa, the lessons learned will be of interest to scholars of Real Estate economics around the world.

Rita Yi Man Li received her undergraduate and postgraduate degrees from the University of Hong Kong. She now serves as an Associate Professor in Department of Economics and Finance, Hong Kong Shue Yan University (HKSYU). She is also a founder and Director of Sustainable Real Estate Research Center and an Adjunct Associate Professor in China-Australia Centre for Sustainable Urban Development, Tianjin University. She first started her academic career as a Visiting Lecturer in Hong Kong Polytechnic University, then a Lecturer, an Assistant Professor and now an Associate Professor in HKSYU. Outside the academia, she is a chartered surveyor by profession, an associate member of CIArb and HKIArb.

Over the years, she has won many local and international awards and grants. She is the recipient of the RGC grant in Hong Kong, Ronald Coase Institute Fellowship in the US and a competitive fellowship from the Australian Government. She is a journal editor/editor-in-chief for many international academic peer review journals and a regular reviewer for top journals in the built environment. Her research activities have been covered by mass media in Hong Kong, Macau, the UK, France and mainland China.

K. W. Chau is currently Head and Chair Professor of Real Estate and Construction and Director of the Ronald Coase Centre for Property Rights Research at The University of Hong Kong. His main areas of research include real estate finance and economics, real estate price index and institutional analysis of the built environment. Most of his works are empirical studies with implications for policy makers and practitioners. He has published over 100 journal papers including the Journal of Law and Economics, Journal of Real Estate Finance and Economics, Land Use Policy, Urban Studies, Energy Policy, Building and Environment, Environment and Planning B and Habitat International. He received the International Real Estate Society Achievement Award in 1999. In 1996, Dr Chau became the founding president of the Asian Real Estate Society. He was elected president of the International Real Estate Society in 2000. He is now serving on the editorial boards of more than 10 peer-reviewed journals.