Property News · June 20, 2017

Cracks appear in Beijing’s housing market, as up to 80 pc of sellers lower asking prices


Beijing’s secondary housing market has cooled for a third straight month, with growing evidence that buyers now have more leverage to negotiate than they did earlier this year, thanks to government efforts to tighten credit and curb pockets of overheating by pinpoint policy adjustment.
The market has cooled sharply since March 17, when Beijing’s municipal authorities tightened rules such that those who had paid off previous mortgages would no longer be classified as first-time…

Source : South China Morning Post
Read more…Cracks appear in Beijing’s housing market, as up to 80 pc of sellers lower asking prices

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