How home buyers finance their homeownership in post-reform urban China? Changing dynamics of variegated financial pathways

Despite the growing importance of financial lending in homeownership acquisition urban China, differing uses instruments across home buyers have rarely been examined. This study reveals temporal dynamics used to fund purchases since 1998 and factors influencing buyers’ different use commercial mortgages, Housing Provident Fund (HPF) loans, combined mortgages. Using 2017 China Households Finance Survey, we demonstrate that mortgages particular, become increasingly important for early 2000s. Multi-level logistic regressions are employed investigate affecting people’s The results people with higher educational attainment purchasing dwellings prices more recent years likely When differentiating type it is found rural locals migrant workers generally rely on whereas those working public sector take advantage preferential-rate HPF loans. These findings suggest vulnerable groups provided fewer avenues this financialised era. consequence inequality housing finance utilisation process asset accumulation deserves further examination.