Property News · September 5, 2019

Home prices in some unlikely Chinese cities now rival London, after a four-year boom in residential property


London, Seattle, Manchester and, um, Xiamen.Some of the world’s priciest housing markets aren’t where you might think. A four-year property boom in China has elevated a collection of little-known cities and turned them into real estate gold.While that’s been great news for speculators, it’s raising concern about whether China’s educated middle-class is quickly being priced out of these so-called second-tier cities, undermining Beijing’s goal of making them home to the millions moving from rural…

Source : South China Morning Post
Read more…Home prices in some unlikely Chinese cities now rival London, after a four-year boom in residential property

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