The Greek debt drama has pushed the world’s attention away from China’s real estate market. Experts are saying that a slowdown in Chinese economy is going to happen. There is definitely a bubble in real estate property market and it varies from city to city. This bubble has to be deflated to prevent an economic crisis.
China’s policy makers have taken aggressive steps to stop the speculation. Requirements for down payments and deposits for second homes have been increased to 50 per cent from 40 per cent. Mortgage lending is also being restricted to real estate investors, landlords and rental property owners who are buying third or more apartments. Developers access to bank credit has been tightened.
Can China’s aggressive steps to curb real estate property price increases prevent the bubble from bursting?
Find out by reading Is China’s Housing Bubble About to Burst?
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