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    China braced for 30% drop in property prices

    patpending
    patpending
    patpending


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    • Post n°1

    China braced for 30% drop in property prices Empty China braced for 30% drop in property prices

    Post by patpending Thu Jul 08, 2010 9:52 am

    http://www.telegraph.co.uk/finance/china-business/7875713/Chinas-property-market-braced-for-30pc-drop.html

    China views soaring house prices as a threat to social stability, since workers are shut out of the market. The price-to-earnings ratio is 13 in Beijing and Shanghai, four times Western levels.
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    ZTsteve
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    ZTsteve


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    • Post n°2

    China braced for 30% drop in property prices Empty Re: China braced for 30% drop in property prices

    Post by ZTsteve Thu Jul 08, 2010 1:50 pm

    patpending wrote:http://www.telegraph.co.uk/finance/china-business/7875713/Chinas-property-market-braced-for-30pc-drop.html

    China views soaring house prices as a threat to social stability, since workers are shut out of the market. The price-to-earnings ratio is 13 in Beijing and Shanghai, four times Western levels.

    A drop like that could cause riots over here.I wonder how they will take it?

    Having said that, our houses are over priced and a gradual drop would make a lot of sense.
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    Windy
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    • Post n°3

    China braced for 30% drop in property prices Empty Re: China braced for 30% drop in property prices

    Post by Windy Fri Jul 09, 2010 5:26 am

    ZTsteve wrote:A drop like that could cause riots over here.I wonder how they will take it?
    Depends if they see it as fair, if they see it as the governments fault then far more serious riots than here!

    But they will probably blame the Americans and take retaliation...
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    • Post n°4

    China braced for 30% drop in property prices Empty Re: China braced for 30% drop in property prices

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