In China, nobody thinks the price of housing will go down. It seems that buying a house should be a good investment. You can rent your house or sell your house when the price of housing is increasing. At the end of last year, my husband and I decided to invest in the housing market. After we have investigated and researched, we bought a condo near GuChun Park, which is located in the north of Shanghai. There are newly developed sites and the environment is very pleasuring. In fact, the price of new condo is not inexpensive, nearly 14000 Yuan per square foot, on the 24 floors. We bought the last one left because all others have been sold out that day and we had no chance to choose the floor of the condo.
The price of housing has gone up till last month when the government of China made some efforts to make control the price of housing. During this period, few people are willing to buy a house and the price of housing dropped. We cannot sell out right now. And we cannot rent it out because the condo is not completely built. At this time we still have a mortgage loan for the condo. What a bad investment!
Don't worry about that. I think the house price will become hight and hight. In about two years it will reach about 50,000Yuan/m2.
ReplyDeleteHa, you will be very happly.