Monday, Mar 01, 2010
Big pop on the horizon?
Telegraph: China risking property bubble with prices rising 20pc a month
Property prices in Britain may be back on a downward trajectory, but there is one market where they are still white hot – China. The Asian superpower is in the midst of such a vast property boom, with prices leaping 20pc a month in some regions, that developments are taking on fairy-tale dimensions.
Posted by flintster1994 @ 08:04 AM (665 views) Add Comment
7 Comments
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1. freemanphil said...
Chinese hyperinflated, imported to a WalMart store soon. Short all stores that rely on cheap imports. Only stores that rely on local production will survive on current margins when all the hot money comes home and China experiences hyperinflation, combined with a shock to Sterling when it falls.
2. wiltshire said...
Ahhh! This solves the mystery of the missing Smugdog. He must be over there filling his boots.
3. mark wadsworth said...
According to Home-Owner-Ist logic, this will do wonders for their economy. What's the problem?
4. icarus said...
It's all the pent-up demand from 1.3 billion people innit.
Funny headline - it's like 'Man risking drunkenness as he starts on his third bottle of vodka'.
5. Crunchy said...
Hyperinflation, food shortages edging nearer.
6. icarus said...
Provinces are given growth targets they have to meet. Hence South China Mall, opened 2005, now 99% empty and Ordos the newly built ghost town with a one million population capacity. Censorship is the only thing that keeps GDP at 6%+ (Go to jail if you deny these numbers). Must-see slide show at http://www.philstockworld.com/2010/02/17/china-the-mother-of-all-black-swans-3/
7. dbc reed said...
So the Chinese are grumbling that developers are withholding completed properties from the market in expectation that prices will rise.
Such simple unsophisticated people! In the Uk developers keep sites with planning permission off the market and nobody says a thing.Except the usual LVT suspects.