China officially on bubble-watch?

China’s housing prices, which have jumped for new residential units in 69 of China’s 70 largest cities in July from a year ago, are causing some to suspect the Eastern power is suffering a runup to a pre-crash housing high. Some of its biggest cities saw greater than 10 percent year-over-year price appreciation.

Even though prices keep rising, Chinese citizens keep pouring money in the housing market because it’s one of the few solid places for them to invest,¬†reported the news site Quartz.

Source: Quartz


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