Both of these trends — few transactions, and a price tending toward stagnation — are warning signs to the real estate industry in China. Experts have for years argued and speculated about whether and to what degree the Chinese real estate market was a bubble, and when it would burst or deflate.
“Housing prices in China’s first tier cities are not likely to drop sharply soon, but they won’t increase much either,” said Jason Ma, a senior commentator on economic issues with New Tang Dynasty Television.
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