The Fate of the Chinese Property Market
I read a lot about the real estate market of China government launched a new policy to limit loans to buy properties and its role in October 2011. I think the Chinese government has realized that it must maintain some of their real market bubble of the goods before it is too late (or too late). Since then, the fall of property prices in major cities, which is registered in China. In Beijing, a decrease in prices in the 6000 RMB / m, which is very common. In Shanghai, was completed in December 2011 ownership of the record low reached.
The property is the price of the property voluntarily or voluntarily after the publication of a new policy. In an effort to lure buyers of new properties that make them expensive gifts or discounts for buyers of new homes, as well as offering a relatively low price. However, the discounts and low prices could not convince the majority of buyers of properties. Waiting for your money to further reduce prices, which explains why the property is under the historical performance achieved.
Chinese property investors still believe that bubbles exist in the real estate market in China and property values will fall a further 40 to 60 percent to reach fair value. Buyers of homes may be owned hotel to wait because they want to see that the loss of your new home before settlement occurs. As the only chance left to wait and see. The developers who want to know when investors and home buyers will start buying again. But they say?
I think China’s economy grew in 2012, is the key to real estate market. This year will be very difficult for this country and perhaps years, an important milestone in the modern history of the country. If the entry of China into a recession or an economic collapse of 2012, as some economists predict. You can say what will happen in China, high inflation and currency fluctuations. People begin to lose their jobs, and find properties that are too expensive to buy. The weak economic conditions will cause the collapse of the housing market in China. If you can keep the economy of China in 2012, there is the possibility that the growth of the real estate market in 2013.
As property owners in the village, I’m not so concerned about the values of its properties is that they think only big cities have a bubble in the housing market, but not in small towns.Note that the big cities as part of China. Important Details about the property market across the country will affect the local housing market.
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