Home Business Real Estate China’s Housing Prices Slump, Banks Prepare for the Worst

China’s Housing Prices Slump, Banks Prepare for the Worst

On Feb. 16, 2014, dahe.cn published an article titled “China’s Housing Prices Have Quietly Started to Slump; in Some Cities the Sales Volume Has Decreased 50 Percent.” China is facing an economic slowdown, overcapacity, local debt problems, and over-printed currency on the market (leading to inflation and soaring prices). In the next two to three years, the excess housing supply will be the biggest problem. Property sales have decreased in 9 out of 10 cities; some cities’ property sales volume has dropped to half the volume of the previous year. Many banks are preparing for the worst as they predict a drop in housing prices is just around the corner.

Source

With permission

VISION TIMEShttps://www.visiontimes.com
Vision Times is a kaleidoscopic view into the most interesting stories on the web. We also have a special talent for China stories — read About Us to find out why. Vision Times. Fascinating stuff.

Most Popular

Constitutional Possibilities for a Second Trump Term: Dershowitz

Amid continuing suspicion of fraud in the 2020 U.S. presidential election, the Trump campaign has taken its objections to the projected results...

A New Theory: Water May Naturally Occur on All Rocky Planets

Life is deeply dependent on water, but where does water come from? Based on new research, researchers believe it may emerge in...

How to Conduct Preventive Maintenance for EVs

Electric vehicles are taking the world by storm. These news EVs are something of an enigma for drivers used to more traditional...

Trees and Green Roofs Can Help Reduce the Urban Heat Island Effect

An urban heat island is an urban area that is significantly warmer than its surrounding rural areas. The temperature difference is typically...