BLOG: China’s housing bubble starts to deflate
LONDON (ICIS)–Click here to see the latest blog post on Chemicals & The Economy by Paul Hodges, which looks at China’s petrochemicals-intensive construction sector, where property prices have been falling for 10 months.
“And now buyers in at least 100 projects across more than 50 cities have stopped making mortgage payments due to construction delays and concerns over falling prices,” says the author.
Editor’s note: This blog post is an opinion piece. The views expressed are those of the author and do not necessarily represent those of ICIS. Paul Hodges is the chairman of consultants New Normal Consulting.
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