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Speculative buyers have eschewed Chinese stocks in favor of property, prompting even the chief economist at the central bank of the world's second largest economy to declare that housing was in a "bubble."
But when strategists at UBS AG recently compiled a list of bubblicious housing markets, there weren't any selections from mainland China due to the lack of reliable data on the subject, underscoring the continued difficulty in declaring Chinese real estate to be in overheated territory.
But Deutsche Bank AG Chief China Economist Zhiwei Zhang thinks he's pinpointed "a clear sign of a bubble" in the market — one that will end in a major correction in two years' time.
After analyzing how much developers were willing to spend to win land auctions in 10 major Chinese cities in which values are already up 23 percent year-over-year, the economist found that the business case for these bids evaporates unless property prices continue to increase.
Hop on and find out!
Living in China for so long, we would like to share some of the comparisons that we have found between China and the west, and shed some light on the situation.
Every week, we take you to a new place in China on our bikes, cover a topic, and reply to your questions.
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⚫ Watch Conquering Southern China NOW!
Winston and I ride 5000 km across 5 Chinese provinces and discover crazy food, people and customs!
Tune in, hop on, and stay awesome!
For Motorcycle adventures around the world, and a talk-show on two wheels go to ADVChina every Monday 1pm EST
For a no-nonsense on the street look at Chinese culture and beyond from China’s original YouTuber, join SerpentZA on Friday at 1pm EST
For a realistic perspective on China and world travel from an American father and a Chinese mother with two half-Chinese daughters go to Laowhy86 every Wednesday 1pm EST
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Music: Cartoon feat. Jüri Pootsmann - I Remember U
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