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1.Market Observations, 8.Was Sticky

15 Oct 2016 (AFR) – New bubble fears for China’s property market

(15 October 2016, AFR, p13, by: Lisa Murray, Angus Grigg)

‘Chinese bank chiefs have been summoned to rein in home lending as property prices have surged by a third across major cities.’

‘A guard at a property sales office in the wealthy eastern Chinese city of Hangzhou slides open the front doors just enough to let prospective buyers in one by one.’ <snipped…>

‘Easy credit and limited investment options have combined to set off a property-buying frenzy across China’s major cities in recent months, pushing prices up more than 30 per cent from a year ago. While this burst of activity in places like Beijing, Shanghai and Hangzhou has helped to support the sluggish economy, the price rally is starting to spread around the country, reigniting fears of a dangerous property bubble.’

 

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