House Prices in China Set to Drop, But That’s a Good Thing

The government in China has spent much of the last two years trying to cool its real estate market, and now it looks as if it is paying dividends as many prospective homeowners could be about to find housing more affordable, according to a news report. Home sales are down in many cities, and developers

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Is the Chinese property bubble about to burst?

In spite of intensive cooling measures introduced by the Chinese government, residential property prices have risen for 9 straight months and figures from China’s National Bureau of Statistics show prices increased by an average of 12.8% year-on-year in the 70 cities tracked.   It now takes a persona earning the average Chinese household’s income 17

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