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China Attempts To Deflate Its Unstable Property Bubble

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While the measures have slowed growth, many fear it remains too high. In March 2010, urban housing prices shot up by 11.7% year-on-year, according to figures from the national bureau of statistics. December saw the lowest increase in more than a year, but it still stood at 6.4%.

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More than a year ago, hedge fund king Jim Chanos described the sector as "Dubai times 1,000 – or worse". Though few see it in quite such apocalyptic terms, many echo his concern. Others suggest that despite serious structural issues the situation is controllable, pointing to Beijing's careful monitoring of the situation.

Ah yes Beijings careful monitoring of the situation by only allowing prices to shoot up by 11.7%....

And what about the ghost Cities China has already built? More affordable empty housing to be built?

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last year Qiu Baoxing, deputy minister of construction, said that most buildings had a lifespan of only 25 to 30 years.

How will these new, low cost, made-in-China homes compare with that figure? :o

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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