Friday, Nov 13, 2015

Chinese capital controls put pressure on London Housing

Zerohedge: Another Bubble Bursts: Ultra Luxury London Home Prices Tumble 12%

''...in the aftermath of Beijing's crack down on capital controls following its August currency devaluation, that "new Chinese 'regulations' may just kill Australia's golden goose of 'weath creation' as Aussie's largest trade partner sees its economy collapse."

Posted by hpwatcher @ 08:51 AM (4540 views)
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1. libertas said...

Actually, Chinese capital controls will cause capital outflows. Bitcoin jumps at times like these, not as a store of wealth, but due to it being a secret form of transferring funds overseas without tracking.

The adjustment is due to the market absorbing stamp duty increases. This process will take a couple of years and will intensify the shift to the suburbs, which are rising in double digits, particularly those with average prices between 300 and 600k.

Saturday, November 14, 2015 10:56PM Report Comment
 

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