Oversupply slows down China’s real estate market, says David Cook to Deutsche Welle.
COOK, David, economics professor at the Hong Kong-based HKUST Institute for Emerging Market Studies, told Deutsche Welle that the main driving force behind China’s real estate market slowdown seems to be that there is more supply than demand on the market.
“The strongest decline appears to be in terms of property investment financed by down-payments from customers, thus suggesting that individual home owners and investors are probably reluctant to continue on the market,” Cook underlined.
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