Property News · August 17, 2020

China housing boom may have hit ‘potentially precarious peak,’ a Harvard-Tsinghua working paper says


China’s real estate sector may have peaked and will likely become a drag on growth during economic shocks such as the current pandemic, a recent report co-authored by Harvard University’s Kenneth Rogoff arguesThe decades-long housing boom has causes both prices and supply to be misaligned and the market may have hit “a potentially precarious peak,” according to the working paper published by Rogoff and Yuan Yuanchen of Tsinghua University in Beijing.Housing is still unlikely to be the trigger…

Source : South China Morning Post
Read more…China housing boom may have hit ‘potentially precarious peak,’ a Harvard-Tsinghua working paper says

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