Housing Prices Expected to Plummet 20% Next Year
Published:
2010-11-22
Qin Hong, deputy director of the policy research center of the Ministry of Housing and Rural-Urban Development, said in the Annual Meeting of China’s Property Sector in Shenzhen that housing prices have not dropped because of inflation, but prices will stabilize next year when the supply of housing increases. According to a report released by the economic research institute of Renmin University, property prices are expected to fall 20% next year due to a severe capital shortage.
Source
Securities Daily
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