shanghai by night
In recent years Shanghai has enjoyed a very strong growth in the housing market. The city is an attractive spot for both chinese people and foreign companies.
However , with recent world financial crisis, thing seems to turn in a different market: the crisis have affected the tourists directed to China has decreased for the first time after seveal years of growth.
Houses prices are cooling down, and the price of new constructions had an increase that is under the 2% on annual basis.
In the other 21 cities monitored, most prices are falling increasing the fears for further strong correction in prices: thats why the government has started a series of measures to help this sector that will hopefully boost this industry
top photo courtesy of www.pachd.com
