Chinese Real Estate Market Likely to Cool
Property investors in China should hold off on buying and selling homes as the country’s real estate boom hits rockier territory, a top wealth management bank said in a report Tuesday. High amounts of mortgage debt, overdevelopment and government involvement have put the country, including its top metropolises, in housing bubble territory, according to a report from UBS’s chief investment office. Government intervention in the Chinese economy will likely prevent a rapid price crash, but investors holding real estate there should brace for a prolonged period of cooling.
Tags : INTERNATIONAL