Spatiotemporal evolution of healthy development in China’s urban real estate market and its impact on economic growth

The real state markets have been faced different challenges in China. Drawing on the dual attributes of real estate as consumption and investment goods, this study constructs a theoretical framework and indicator system and scientifically measures the spatiotemporal patterns for evaluating urban real estate market healthiness from the dimensions of product market competitiveness and factor sufficiency. This study findings unfold that the China’s urban real estate market health level generally improved in different geographical pattern. This study further highlights that health levels exhibited heterogeneous spatial distribution with notable global spatial autocorrelation. Additionally, regional disparities in real estate market health showed a trend of initial expansion followed by contraction. The Northeast region exhibited the largest and continuously growing intra-regional differences, while Central China maintained the smallest disparities. Furthermore, this sector has healthy development on economic growth with direct and mediated effect of land finance.