Prices of property are rising like crazy in China – so much so that a lot of bankers and investors (not to mention the Chinese government) are worrying about the next real estate bubble occurring there.
Because of this rise in housing prices, capital flows in China will now be monitored to stop any speculative funds from overseas from jeopardizing its property market. Plus, any Chinese family looking to buy a second home needs to make down payments of a minimum of 40%.
Alex Aguilar
Team Aguilar Real Estate Agent & Blogger!
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