China Home Sales Plunged 90%

Discussion in 'Property Market Economics' started by Kangabanga, 11th Feb, 2020.

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  1. Kangabanga

    Kangabanga Well-Known Member

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    China Home Sales Plunged 90% in First Week of February
    China Home Sales Plunged 90% in First Week of February
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    Can the Chinese asset bubbles be sustained with gov stimulus? How will this affect things downunder?
     
  2. sash

    sash Well-Known Member

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    Hilarious....lets see how that affect properties where Chinese investors invest in......

    I reckon the bigger worry is the impact on the Chinese and global economies.

     
  3. trinity168

    trinity168 Well-Known Member

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    Global sharemarkets are still trending up. I think we will know more 2nd quarter this year .. what the economic impact is ...
     
  4. Harris

    Harris Well-Known Member

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    Who in their right mind would be transacting for such large purchases in midst of a viral-outbreak and with Gov and trade-bodies' induced quarantine?

    This is not 90% reduction in sales vol because there are commercial drivers behind the reduction. It is simply a timing issue and will translate into fever-pitch transactions once the quarantine is lifted and its business as usual!
     
  5. Fargo

    Fargo Well-Known Member

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    It is not timing. You cant do business organize inspections, finance conveyancers etc if they if they are closed even if you want to buy,.
     
  6. Harris

    Harris Well-Known Member

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    Thats' exactly what I was alluding to in my post.
     
  7. Illusivedreams

    Illusivedreams Well-Known Member

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    GOOD TIME TO BUY.

    "Buy when there's blood in the streets, even if the blood is your own."
    Rothchild