Shanghai Housing Sales Plunge 86%


There is no doubt that the economy of the world’s Ultimate Crony Capitalist State is being rattled.

(From Money Maven)

Clement Luk, a director for east China at Centaline Property, said the home-buying mood has been dampened by the tightening of mortgage lending and the prolonged US-China trade war that discouraged spending.

“People do not want to commit in big investment now, like purchasing any homes, as market sentiment has cooled quickly since March,” he said.

Reprinted from: https://www.ac2news.com/2019/10/shanghai-housing-sales-plunge-86/

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