NEW YORK ( TheStreet) -- There is broad disagreement on the direction China's real estate market will take this year. While some analysts presage a crash with prices plunging nearly 30%, others are more optimistic and foresee prices improving by a healthy 10% to 15%.During April, the Chinese government introduced tougher policies to rein in the property market. The government hiked minimum mortgage and down payment rates, restricted second home purchases, and blocked bank loans for third houses. China is contemplating on introducing a property tax, which seems less likely now as prices dropped by a marginal 0.1% in June, as compared with May.
China's Real Estate Riddle
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.