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The Impact of the COVID-19 on China’s Real Estate and the Development Strategy of Real Estate in the Post Epidemic Era

Received: 14 March 2023     Accepted: 8 May 2023     Published: 18 May 2023
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Abstract

The real estate market is an important part of China's market economy. It is the stabilizer and ballast stone of economic development and is very important to the healthy development of the whole macro-economy. The sudden COVID-19 epidemic has brought earth-shaking changes to the social and economic development, and various industries have been severely challenged, especially causing an unprecedented impact on China's real estate market. The epidemic has had an all-round and profound impact on China's real estate investment, sales and regional layout. In order to ensure the healthy and stable development of the real estate industry and quickly carry out economic recovery after the epidemic, this paper focuses on the impact of the epidemic on economic operation and makes an in-depth analysis of the economic environment and the real estate market. At the same time, this paper also puts forward some development strategies, such as building competitive products, seizing merger and acquisition opportunities, broadening cooperation models and other development strategies. With the effective control of the epidemic, the development of the real estate industry has entered a new trend and a new stage. We should grasp the factors hindering the development of the real estate economy and adopt targeted strategies to provide guarantee for the sustainable development of the real estate economy. There are reasons to believe that China's real estate industry will step into a more healthy development track in the near future.

Published in International Journal of Economics, Finance and Management Sciences (Volume 11, Issue 3)
DOI 10.11648/j.ijefm.20231103.15
Page(s) 119-126
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2023. Published by Science Publishing Group

Keywords

COVID-19 Epidemic, Real Estate Economy, Housing Without Speculation, Regulation and Control, Development Strategy

References
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Cite This Article
  • APA Style

    Han Wen Xu, Chong Li Xu. (2023). The Impact of the COVID-19 on China’s Real Estate and the Development Strategy of Real Estate in the Post Epidemic Era. International Journal of Economics, Finance and Management Sciences, 11(3), 119-126. https://doi.org/10.11648/j.ijefm.20231103.15

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    ACS Style

    Han Wen Xu; Chong Li Xu. The Impact of the COVID-19 on China’s Real Estate and the Development Strategy of Real Estate in the Post Epidemic Era. Int. J. Econ. Finance Manag. Sci. 2023, 11(3), 119-126. doi: 10.11648/j.ijefm.20231103.15

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    AMA Style

    Han Wen Xu, Chong Li Xu. The Impact of the COVID-19 on China’s Real Estate and the Development Strategy of Real Estate in the Post Epidemic Era. Int J Econ Finance Manag Sci. 2023;11(3):119-126. doi: 10.11648/j.ijefm.20231103.15

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  • @article{10.11648/j.ijefm.20231103.15,
      author = {Han Wen Xu and Chong Li Xu},
      title = {The Impact of the COVID-19 on China’s Real Estate and the Development Strategy of Real Estate in the Post Epidemic Era},
      journal = {International Journal of Economics, Finance and Management Sciences},
      volume = {11},
      number = {3},
      pages = {119-126},
      doi = {10.11648/j.ijefm.20231103.15},
      url = {https://doi.org/10.11648/j.ijefm.20231103.15},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20231103.15},
      abstract = {The real estate market is an important part of China's market economy. It is the stabilizer and ballast stone of economic development and is very important to the healthy development of the whole macro-economy. The sudden COVID-19 epidemic has brought earth-shaking changes to the social and economic development, and various industries have been severely challenged, especially causing an unprecedented impact on China's real estate market. The epidemic has had an all-round and profound impact on China's real estate investment, sales and regional layout. In order to ensure the healthy and stable development of the real estate industry and quickly carry out economic recovery after the epidemic, this paper focuses on the impact of the epidemic on economic operation and makes an in-depth analysis of the economic environment and the real estate market. At the same time, this paper also puts forward some development strategies, such as building competitive products, seizing merger and acquisition opportunities, broadening cooperation models and other development strategies. With the effective control of the epidemic, the development of the real estate industry has entered a new trend and a new stage. We should grasp the factors hindering the development of the real estate economy and adopt targeted strategies to provide guarantee for the sustainable development of the real estate economy. There are reasons to believe that China's real estate industry will step into a more healthy development track in the near future.},
     year = {2023}
    }
    

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    AB  - The real estate market is an important part of China's market economy. It is the stabilizer and ballast stone of economic development and is very important to the healthy development of the whole macro-economy. The sudden COVID-19 epidemic has brought earth-shaking changes to the social and economic development, and various industries have been severely challenged, especially causing an unprecedented impact on China's real estate market. The epidemic has had an all-round and profound impact on China's real estate investment, sales and regional layout. In order to ensure the healthy and stable development of the real estate industry and quickly carry out economic recovery after the epidemic, this paper focuses on the impact of the epidemic on economic operation and makes an in-depth analysis of the economic environment and the real estate market. At the same time, this paper also puts forward some development strategies, such as building competitive products, seizing merger and acquisition opportunities, broadening cooperation models and other development strategies. With the effective control of the epidemic, the development of the real estate industry has entered a new trend and a new stage. We should grasp the factors hindering the development of the real estate economy and adopt targeted strategies to provide guarantee for the sustainable development of the real estate economy. There are reasons to believe that China's real estate industry will step into a more healthy development track in the near future.
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Author Information
  • School of Business and Economics, University Putra Malaysia, Selangor, Malaysia

  • College of Medical Technology, Chongqing Medical and Pharmaceutical College, Chongqing, PR China

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