Will China's property market follow US's footsteps?

Will China's property market follow US's footsteps?
Feb 20, 2008 02:11
ZOEY Points: Join Date: Nov 29, 2004 Status: offline	Housing pirce slumped; real estate agents closed its branches or absconded and those developers stopped fund raising and debt spreaded widely. These are what US real estate market experienced. But China is similar situation now. Shares of many listed property developers fell more than 50 percent. It seems that the bubble in the real estate market has expanded and might break. Will China's real estate market follow US's footsteps? Some people don't believe this. If there is problem in property market, that would be tiny. The average house prices in 70 cities in 2007 have been increased by 8 percent and the actual income of urban citizens have been increased by 12 percent. This proves that people still can afford to buy houses. What do you think? China's property market will be as bad as US' s?

Feb 20, 2008 02:11

ZOEY
Points:
Join Date: Nov 29, 2004
Status: offline

Housing pirce slumped; real estate agents closed its branches or absconded and those developers stopped fund raising and debt spreaded widely. These are what US real estate market experienced. But China is similar situation now. Shares of many listed property developers fell more than 50 percent. It seems that the bubble in the real estate market has expanded and might break.

Will China's real estate market follow US's footsteps? Some people don't believe this. If there is problem in property market, that would be tiny. The average house prices in 70 cities in 2007 have been increased by 8 percent and the actual income of urban citizens have been increased by 12 percent. This proves that people still can afford to buy houses.

What do you think? China's property market will be as bad as US' s?

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