Understanding China, One Blog at a Time

An American in China

China and Housing

Posted by w_thames_the_d on February 24, 2011

China is having a problem with the affluent buying houses as doesn’t everyone want to own a piece of property that within a couple of years will look like a dungeon… but aside from that , Chinese have few investment options, its either a house or a car or RMB, or a state controlled/manipulated stock market, so they opt for the houses. The government in order to show how bright they are , are making it more difficult for the rich to buy homes through certain restrictions. Beijing and China have some already and three others will enact controls soon.

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