Revenge Doesn’t Explain Rise in Chinese Property Prices

(Bloomberg Opinion) — Real estate becomes a safe bet in uncertain times, and it’s proving true in China after months of pent-up demand from the pandemic runs into an outlook still filled with uncertainty.The problem, as we’ve seen time and again, is that anyone hoping for security from a market that’s heavily controlled may be in for disappointment, as the government will inevitably tighten limits when prices rise too much. Beijing should instead ramp up secure options for investors, such as accelerating the offering of real estate investment trusts. Recent gains in mainland real estate prices have all the …read more

Source:: Yahoo Finance

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