| 28.01.2010 - China: Real estate bubble a myth |
| From Chinaeconomicreview.com: It seems US media has convinced itself a China real estate bubble exists – perhaps a case of wishful thinking. And China's real estate market is the backbone of its domestic economy. One theory advanced supporting the bubble theory is that the ratio of real estate prices to incomes in Beijing is 27-1. Apply that ratio to Manhattan, the average price of an apartment would be $3.4 million......................................Full Article: Source |