Jump to content
House Price Crash Forum
Sign in to follow this  
Guest muttley

Hpc Shanghai Style

Recommended Posts

Guest muttley

http://www.ireland.com/newspaper/property/...GHAIMARCH2.html

Homeowners and investors wondering what follows a housing bubble can look to China's largest city. While Shanghai was once one of the hottest markets in the world, sales of homes have virtually halted in some areas of the city, prompting developers to slash prices and real estate brokerages to shutter thousands of offices.

Could this happen to the UK's seriously overvalued property market?

Share this post


Link to post
Share on other sites

http://www.ireland.com/newspaper/property/...GHAIMARCH2.html

Could this happen to the UK's seriously overvalued property market?

Possibly. I beleive in that example, it's an interesting result of ultra-responsive market forces allowing an oversupply to an initial demand to manifest in a relatively short period of time. Perhaps it could only be possible in China in its current form. In the UK you are more likely to get an idea of how likely you are to sell your development before you even got round to laying the foundations.

Edited by DabHand

Share this post


Link to post
Share on other sites

Here`s something similar from earlier in the week.

"The entire industry is scaling back," said Mu Wijie, a regional manager at Century 21 China, who estimated that 3,000 brokerage offices had closed since spring. Real estate agents, whose phones wouldn't stop ringing a year ago, say their incomes have plunged by two-thirds.Imagine if 3,000 agents closed in London....imagine....imagine.... :lol:

http://firstrung.co.uk/articles.asp?pageid...1372&cat=44-0-0

Edited by Converted Lurker

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.