Category: China

China Property Market Begins To Cool

China’s property market has been booming in recent months and years and this has led to property prices increasing too. In fact, in the major cities in China, property prices are said to have increased at least fivefold over the last decade. However property investors are warning that the property price increases are unsustainable and many are holding back from buying any new real estate in the country.

According to some reports, some developers are now offering discounts of up to 35% on new properties. This has led to some discord as previous investors have paid much higher prices and have not been able to benefit from these new buyer discounts.

China Looks To Curb Soaring Real Estate Prices

In a move to help curb soaring real estate prices in China, the State Council has ordered that banks insist new property purchasers have at least a 30% deposit on their property. The finance ministry has also revealed that some tax breaks aimed at encouraging housing purchases may be scaled back.

These announcements are in addition to those made in April and are aimed at bringing Chinese real estate prices down to more affordable levels.

Chinese Property Guide

China is all set to become the biggest economy in the world in the next few decades and many overseas property investors are now looking to China to pick up property before the boom. However with a population of 1.3 billion, where do you start looking?

The first choice of many property investors has to be China’s capital city Shanghai. Many multinational companies have already started locating their regional HQs in the area, and home to 21 million people, there are many different properties to choose from. Shanghai is also undergoing strong infrastructure and development improvements meaning it should be a strong place to invest in property.

Chinese goverment vows to boost property market

China has experienced some excellent property price growth recently, with the past five years seeing double-digits, however the latest figures show that the annual growth rate has plummeted to around 9 percent, well below most forecasts. The slowdown is thought to be partly down to global financial worries and some experts believe the slowdown will continue if China’s exports start to be affected.

The Chinese government have vowed to help boost the property market’s growth rate back up again by investing in even more infrastructure projects including roads, airports, nuclear power plants and hydro-electric power stations. Taxes on residential properties purchases will also be lowered.

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Shanghai restricts foreign property investors

Shanghai’s government is reportedly trying to open up the domestic property market by putting restrictions on foreign property investors.

The government is looking to ban all foreign investors and non-permanent Chinese citizens from buying property and real estate in Shanghai, whilst simultaneously working on a new property purchase system for non-permanent residents, although it is understood that workers on temporary permits would be exempt from the restrictions.

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Is the edge coming off China’s property market?

China’s real estate market is still booming and is netting some investors double-digit growth rates each year on their properties, even though the government has been attempting to stop the property boom.

Most investment has been in residential projects, accounting for nearly 3/4 of total monies spent. Industrial properties are still good investments, however they are growing at a much slower rate.

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