China has the next real estate bubble waiting to be popped
With property prices soaring in key cities, many investors and bankers worry that China has the next great real estate bubble waiting to be popped. The Chinese government is worried, too. On Sunday, the nation’s cabinet, citing “excessively rising house prices” in some cities, said it will monitor capital flows to “stop overseas speculative funds from jeopardizing China’s property market.” It also said that any Chinese family buying a second home must make a down payment of at least 40 percent.
Continue reading… “Fear of Real Estate Bubble In China”
