The K@W Network:
New indices of housing land prices in China show that the market has in some cases regressed to where it was five years ago, Wharton's Joseph Gyourko says.
The housing boom of the mid 2000s spread from one neighboring locale to another in the U.S. Local fundamentals have only a limited ability to account for contagion, suggesting that[…]
Land prices in China have been rising very rapidly. It will be difficult to maintain the pace, but don't expect a slump, says Wharton's Joseph Gyourko.