China Property Market Expecting 30% Drop

Category: Real estate, Posted:23 May 2010 | 06:00 am

Back of government measures to cool off the red hot China property market a domino effect has been felt in transaction fall off's by both buyers and sellers.
Increased down payments and higher loan financing costs have experts talking that a drop in volume could be by as much as 30%.
While the economic initiative look to be sound there could be a negative knock on effect to related industries such as construction and services which cater to the real estate market

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