Spatial differentiation patterns of housing price and housing price-to-income ratio in China's cities

Abstract

Based on the basic data of the housing price and housing price-to-income ratio in 286 prefecture-level cities in 2009, this paper analyzes the spatial differentiation pattern, overall trend, spatial heterogeneity and correlation between the absolute housing price and relative housing price. The results show that: 1) there is significant spatial differentiation in terms of China's urban housing price, and the distribution presentsdual patterns of spatial clustering differentiation (the three southeast coast urban agglomerationsversusinland cities) and administrative level differentiation (between provincial capital and prefecture-level cities). 2) The overall differentiation trend and spatial heterogeneity of absolute housing price are higher than that of the relative housing price.