A prominent Chinese property developer has issued a stern warning the party may be over for China’s inflated real estate market.
Pan Shiyi, the billionaire owner of commercial developer SOHO China, delivered his warning last week as house prices across the vast country doubled in the past decade.
“I think Chinese property is the Titanic about to crash in to the iceberg in front of it,” he said.
House prices in 100 major Chinese cities posted their first monthly decline in almost two years in May, adding to concerns the bubble may be about to burst.
Surging house prices have put homes beyond many first-time buyers, prompting the People’s Bank of China – the central bank – to ask lenders…
With record low interest rates and affordable prices American property is an attractive investment.
With the economy showing signs of life and interest rates predicted to rise next year now could be the perfect time to invest.
With stronger than expected job numbers for June the American economy appears to have shrugged off the final remnants of the global financial crisis and for the first time in a long time analysts are predicting an interest rate rise in the first half of next year.
Analysts from both Goldman Sachs and JP Morgan recently revised their predictions and now expect the Federal Reserve Bank to hike rates in the second or third quarter of 2015. The base interest rate in A…
There was further good news for homeowners in the USA in May as house prices continued their 27 month climb.
Led by Hawaii, California and Nevada every state recorded a rise, with ten states hitting record prices.
Property analyst firm Core Logic released data recently that showed house prices increase by 8.8 per cent year-on-year in May.
They predicted prices to rise 6 per cent in the next 12 months.
While the rate of growth was slowing after two years of at times sharp rises, there was a sliver lining. The threat of a property bubble was looking less likely and houses would remain affordable.
“That means the housing market will avoid becoming overvalued, allowing the recovery in sal…
