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Filtering (housing)
In housing economics, filtering is the process by which a housing unit becomes more affordable with age. In markets with sufficient housing supply, homes will command the highest prices and rents when brand new, and depreciate over time as they get older. Thus new constructions will tend to be occupied by higher-income groups at first, but successively ''filter'' (become accessible) to lower-income groups. Importantly, filtering depends upon sufficient supply (either from new construction in a growing area, or depopulation — see Housing in Japan). In markets with insufficient housing supply, reverse or upward filtering can occur. This is when units once occupied by lower-income residents quickly appreciate and become occupied by higher-income residents (see also gentrification). As a consequence, increased supply in new market-rate housing (which tends to be occupied by higher-income individuals) is associated with increased housing affordability for lower-income individuals, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HK STT 石塘咀 Shek Tong Tsui 德輔道西 Des Voeux Road West Shop Property Agent Window Display Signs February 2022 Px3 01
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a Special administrative regions of China, special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the List of countries and dependencies by population density, fourth most densely populated region in the world. Hong Kong was established as a British Hong Kong, colony of the British Empire after the Qing dynasty ceded Hong Kong Island in 1841–1842 as a consequence of losing the First Opium War. The colony expanded to the Kowloon Peninsula in 1860 and was further extended when the United Kingdom obtained a 99-year lease of the New Territories in 1898. Hong Kong was Japanese occupation of Hong Kong, occupied by Empire of Japan, Japan from Battle of Hong Kong, 1941 to Liberation Day (Hong Kong), 1945 during World War II. The territory was Handover of Hong Kong, handed over from the United Kingdom to China in 1997. Hong Kong maintains separate govern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
