![]() “Chinese households have taken on more and more debt, fueling price growth further,” Kate Everett-Allen, head of International Residential Research at Knight Frank and author of the report, told Mansion Global. The rapid acceleration of prices in several Chinese cities was attributed to an easing in monetary policy - the Bank of China has cut its base interest rate eight times since 2012, the report states. The London-based real estate consultancy bases the ranking on official data published by each country’s national statistic office or central bank. Knight Frank’s Global Residential Cities Index, released on Friday, increased by 4.5% year-over-year to March 2016, as 74% of 150 locations tracked saw housing prices rise. Chinese cities now account for four of the top five performing mainstream housing markets, with Shenzhen leading the global ranking.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |