samedi 31 octobre 2009

Chinese property bubble confirmed

China is currently experiencing a population explosion. This requires that created many jobs and therefore have a strong economic growth (above 8%). But across the population explosion causes a surge in property prices with a real estate bubble, a paradox in crisis global real estate.

The property prices have therefore taken 30% since the beginning of the year with a peak of a recent increase of 17% in one week! A record simply. But attention will be harder the fall ...

More on: Explosion of real estate in Shanghai

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