Credit crunch slams the brake on China's great housing boom
Credit crunch slams the brake on China's great housing boom
- 2009
- Global Property 3 March 2009, 18-19(2) .
Analysesthe current state of the residential property market in China where 10 years of soaring house prices and booming investment have been reversed by six months of credit crunch. Surveys market opinion on whether the next few years will be vintage years for foreign investment in Chinese real estate or whether it would be prudent to stay out of this market for 2009 at least. Table covers house sales by floor space per month, January 2007 to December 2008.
China
Analysesthe current state of the residential property market in China where 10 years of soaring house prices and booming investment have been reversed by six months of credit crunch. Surveys market opinion on whether the next few years will be vintage years for foreign investment in Chinese real estate or whether it would be prudent to stay out of this market for 2009 at least. Table covers house sales by floor space per month, January 2007 to December 2008.
China