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’More on that overheating Chinese property market
Chinese real estate figures out on Tuesday show investment in the sector was up 18.9 per cent in October, while property sales soared 48.4 per cent year-to-date.
These sort of figures obviously reinforce fears in the market that an asset price bubble is growing in China.
And now for a Chinese real estate crash?
Back in 2007 a UK television documentary fronted by quick-witted comic Paul Merton, made the rather astute observation — for the time — that Chinese residential real-estate investors tended to keep their properties unoccupied.
On the matter of Spanish property valuations
Research house Variant Perception highlighted last week how Spanish property prices might be being artificially supported via the role banks play in the valuation process in Spain — the report essentially raising questions over whether assets were being fairly valued or not.
Krugman makes a $1.7m Manhattan bet
Ha! Could this explain Nobel economist Paul Krugman’s recent turn to the bullish-side?
As the New York Observer reports, Krugman has splashed out $1.7m on a three-bedroom Riverside Drive Manhattan apartment.
Poland: not so strong after all?
Most analysts maintain that Poland stands to ride the financial storm better than any other country in emerging Europe. The country in some ways seen as the quasi China of Europe. Yet indicators suggesting the opposite are mounting up.