Shanghai and Beijing markets are heating up- Guest Blog post by Murray Smith of ChinaRealEstateNow.com
We have personally witnessed an increase in property values in Shanghai over the past few months; especially on high-end properties. Our employees and partners in China have seen investors from all over the world beginning to pick of the pace of purchasing again. When the banking crisis started back in October, many investors were sitting on the sidelines waiting to see what was going to happen. That time has passed, and foreigners (especially Hong Kongese) are buying into Shanghai and Beijing again. If you were to walk any street right now in Shanghai or Beijing, you would have no idea of any “world financial crisis”. Business is booming in most parts of China right now.
The following article confirms it:
http://english.sina.com/business/2009/0616/249043.html
The Chines real estate is much better for the china but if Compared with US and other developed markets, China’s real estate industry is less experienced and immature. Currently, there are approximately 25000 real estates.