New homes prices may drop in China
Following Government restrictions during 2011 residential real estate prices of Property in China have begun to settle and sales of new homes have started to tail off which may result in price cuts from developers.
Residential property experts believe the market has responded well to official policies aimed at cooling the property market in order to prevent a bubble so much so that while there are no immediate plans to relax current legislation no further changes are expected to tighten controls.
While there is great debate on the faltering global economy, economic growth within China appears to be on the cards in the months ahead.
On the whole the outlook for sales activity across the luxury apartment sector is expected to be more muted than of late and prices may fall marginally in a bid to stimulate sales across the Chinese property markets.