Accessibility of housing loan affect on homeownership in urban China: a case study of Nanjing

Abstract

This thesis examines the accessibility of housing loans on homeownership in Urban China. Greater accessibility to housing loans is expected to have a positive effect on consumers' housing purchase decision. In China, housing loans have achieved rapid growth since the reform of the housing market in 1998. Since the reform of housing market and the accelerated urbanization of China, the demand of houses increases dramatically. The increased demand for houses has driven up the price of houses; hence, the surging housing prices have made urban residents difficult to finance their home purchase. This study investigates the impact of socioeconomic factors of homebuyers such as gender, age, marital status, education, economic status and race on the accessibility of housing loans in urban China by. In addition, the types and characteristics of the housing loans and the interest rate charged on the housing loans will be discussed in the study as well. The study uses logistic and multiple regressions to analyze the data. The data is derived from a household survey conducted in Nanjing City, Jiang Su Province of China in November 2010.