Property News · September 28, 2016

Analysts warn Chinese home buyers rapidly approaching their spending limit


Chinese families are taking on mortgage loans faster than those in Japan did at the peak of its property bubble at the end of the 1980s.
But analysts remain divided on how the market here is likely to pan out.
Jiang Chao, chief economist with Haitong Securities, says 2016 may well mark an “all-time high” for Chinese property, for the simple reason he thinks the borrowing ability of Chinese residents is now close to its limit.
“Even during the most-frothy year, 1989, new…

Source : South China Morning Post
Read more…Analysts warn Chinese home buyers rapidly approaching their spending limit

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