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Top China Trend #3 – China’s Red-Hot Real Estate Market
While the U.S. housing market continues to struggle, China’s real estate market is really heating up this year, despite the global economic slowdown.
In fact, housing prices in some of China’s major cities have already surpassed their 2007 highs.What’s causing the jump in China’s real estate market?
China’s growing money supply, which has increased nearly 28% this year. That, and lower interest rates, are fueling the economic recovery in China.
What’s interesting, though, is that despite the jump in Chinese housing prices, demand remains robust. There is no property tax in China, and most
Chinese view real estate as a great long-term investment. That’s why so many Chinese are literally lining up to purchase luxury condos in Shanghai
and Beijing, a stark contrast to eight months ago when money was tight, and there were few buyers.The best way to take advantage of rising property values in China? By buying China’s leading real estate services developer…
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