China Housing Market Is China s housing market about to crash? Government restrictions are having an impact Beijing (Credit: Nikolaj Potanin via Flickr) Is China about to get its own version of a mortgage crisis? Chinese home 新爱上海同城对对碰论坛 prices are starting to fa爱上海龙凤419桑拿 ll amid new government restrictions, and some observers worry that homeowners overloaded with debt could run into trouble. Property prices in Beijing and Shanghai fell by 0.3 percent between November 2016 and November 2017 after years of double-digit growth. Prices in cities like Shenzhen, Wuxi and Hangzhou are also falling. The Chinese government previously increased down payment requirements and mortgage rates in a bid to cool the housing market, but some observers worry about homeowners ending up under water. “The more vulnerable side of the household sector is home buyers who are buying just against their own earning power and don’t have that family wealth,” PNC economist Bill Adams told the Wall Street Journal. “Often it’s people who come to major cities from smaller towns and from the countr爱上海同城 yside.” In recent years the housing market accounted for about a third of China’s GDP growth, according to Moody’s Investor Services. The good news is that Beijing could always loosen housing marke爱上海同城手机版 t regulations to boost prices, and that China lacks the kind of mortgage-based financial products that almost brought down the U.S. financial system in 2008, the Wall Street Journal reported. [WSJ] Konrad Putzier Tags: china, Home Prices, Politics, Residential Real Estate We are having some technical difficulties. Try again later. By clicking Subscribe you agree to our Privacy P上海贵族宝贝交流区 olicy.