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Hope for home buyers in China

Posted on 16 January 2013

Since 2009, average disposable income in China’s cities has risen around 43%, but house prices only 11% according to official data. An average-priced apartment purchased outright would now cost around 16 years of average income, still high by international comparisons but down from a high of 21 years in 2007.
That raises hopes that millions of young professionals will be able to get a hand on the first rung of the housing ladder, buoying demand………………………………………..Full Article: Source


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