china housing market

china housing

In-depth: China desperate at cooling down the property bubble

Iris Mir | China’s real state market is cooling down. Rampant investment in the past few years has caused lingering oversupply and a drop in investment prices. Property developers suffer a very risky lack of liquidity and limited access to credit that prevents them from being able to repay previous loans. China’s real state sector represents a 15% of the national GDP; and it plays a crucial role in other sectors. The government is very keen on lending all the necessary support to maintain the speculative frenzy. But analysts believe that recent measures will not solve the structural problems of the housing market.