Spatial Pattern of Housing Sales Vacancy in Guangzhou’s Urban District, China

Abstract

Housing vacancy can reflect the destocking degree of the real estate market. Based on the data of 57 opened residential quarters (46,622 units) from 2015 to 2018, this paper constructs a calculation formula of the sales vacancy rate and then analyzes the spatial pattern in Guangzhou’s urban district. The results show that there is obvious differentiation in the spatial pattern of housing sales vacancy in Guangzhou’s urban district, showing a higher spatial pattern in the old area and urban district and a lower spatial pattern in the core area. Subdistricts with high vacancy rates are mainly located in the east of the old area, the south and east of the urban district and near Baiyun Mountain in the north.