Coldwell Banker Premier Realty Blog

Is the property market shifting in China

A look at price-income ratios in sample nations
Posted by John McClelland on July 25, 2011 in No Category
Jeremy Warner, writing in the UK Telegraph, presents an interesting chart showing price-income ratios for various Chinese cities as well as a sample of other nations. Beijing and Shanghai look particularly scary. Income growth is really going to have to keep going up at a fast pace or this is likely to be a problem. Chinese authorities are aware of this but it is difficult to forecast what happens in a slowdown. Transaction volume is beginning to slow. By comparison, U.S housing, while it could still be overvalu... read more
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