Chinese Real Estate Market Likely to Cool

Chinese Real Estate Market Likely to Cool
02/08/2018 , by , in INTERNATIONAL

Property investors in China should hold off on buying and selling homes as the country’s real estate boom hits rockier territory, a top wealth management bank said in a report Tuesday.

High amounts of mortgage debt, overdevelopment and government involvement have put the country, including its top metropolises, in housing bubble territory, according to a report from UBS’s chief investment office. Government intervention in the Chinese economy will likely prevent a rapid price crash, but investors holding real estate there should brace for a prolonged period of cooling.

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