Property News · September 27, 2016

China’s home-buying limits ‘won’t keep lid on surging prices’: economist


City governments are misguided by restricting purchases to contain housing prices, the chief China economist at Societe Generale says.
Kicking some potential buyers out of the market in the name of cracking down on speculation would not keep a lid on housing inflation, Wei Yao, the economist, said. Instead, local governments, the de facto landlords, needed to increase the land supply so that more homes could be built to meet demand, he said.
Risks of property bubble growing in China with policy…

Source : South China Morning Post
Read more…China’s home-buying limits ‘won’t keep lid on surging prices’: economist

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