China’s frozen property market warms up

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China’s weak property market is finally beginning to strengthen as the second half of June saw sales and property prices increase for the first time in months.

The property market in China has faltered for the last two years with many properties remaining unsold.

Therefore, reports that June saw strong sales in the second half of the month and that property prices are increasing are going to bring a welcome sigh of relief for real estate developers who will finally be able to sell the properties in their portfolio.

The thawing property market will however, be causing potential property investors to be anxious.

Property investors will be deciding whether or not to buy sooner rather than later to avoid prices rising further, whereas before they were concerned with how far property prices would fall.

The rise in property prices as well as more property purchases could also cause a boom in construction activity as developers may start to predict stronger demand over the next couple of years.

The boost to the property market in China could also help the economy recover as last year China suffered an economic slowdown which was influenced by the small investment in the housing market.

There is no doubt that property in China became more affordable during the past two years as property rises either slowed or stalled completely while average incomes experienced an increase.

Transfer Money to China

If you are looking to invest in China either for property or for other purposes, it is important you establish the most convenient and cost-effective international money transfer.

Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are sending money to China – which you will inevitably have to do if you are looking to make a property investment, be sure to compare the market before you buy your overseas currency.

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China’s frozen property market warms up

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