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If worldwide interest rates begin to rise, real estate demand continues to fall then there payday loans indiana will be a reduction in cash flow going forward and an increase in interest payments. Maybe not the doomsday scenario many are portraying but certainly challenging times for the Far East property market. There is some concern in the Far East regarding Hong Kong property prices which have now smashed through their previous record levels reached in 1997 and 2015. A recent new property development prompted literally hundreds of people to queue for the chance to acquire a unit cash advance nashville tn and these images were splashed right across the online and off-line media. In some ways it is this image which has prompted concerns about the short to medium term outlook for Hong Kong property.

Despite the fact that property prices in Hong Kong have reached record levels there is still great demand for homes across the region.

Those queueing at a recent property development sales day seemed unperturbed by the fact that mortgage rates had been increased just the day before. There is no doubt that these images are reminiscent of 1997 and 2015 but the situation in Hong Kong is very different today.

The quasi central bank of Hong Kong has been expressing concerns about property price levels but these concerns are currently being drowned out by renewed enthusiasm for Hong Kong property. If we compare May 2017 to June 1997, one of the previous peaks in Hong Kong property prices, this will perhaps put the ongoing demand for Hong Kong property in perspective. We have seen a similar situation in the UK where rock bottom savings rates have encouraged people to look elsewhere for their long-term returns. As we all know, negative equity has a major part to play in property market crashes because as finances are squeezed, more and more people best loan lenders are unable to afford their mortgage payments forcing them to sell their homes at literally any price. Nobody is ruling out a short-term correction in Hong Kong property prices, because the current rate of growth is unsustainable, but those doom and gloom merchants forecasting a house price payday loans in rock hill sc crash are missing the subtle differences in the economic situation today. The last few weeks have bad credit personal loans direct lenders only seen the culmination of various economic challenges across China resulting in what some are describing as an economic meltdown.


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This is an issue which has been ongoing for over 12 months amid concerns that the Chinese authorities were manipulating markets behind the scenes. There is growing concern that the Chinese economic meltdown will eventually have an impact upon real estate markets around the world such as the US, Canada and the UK. There is a growing opinion that ongoing attempts by the Chinese authorities to support the stock market and prevent mass selling have failed.

Some of these attempted manipulation strategies have now been withdrawn and while we will see some buying of Chinese stock by the authorities, more is now being left to market forces. As a consequence, could we be on the verge of yet another stage on the cash advance nashville tn road to a free Chinese economy? Real estate investment across China has been in freefall for some time now with many property investors looking overseas to the likes of the US, Canada and the UK for their real estate exposure. There will come a time when Chinese real estate becomes attractive, when it falls too far, but at this moment in time the massive issue of oversupply and little demand will not help prices in the short to medium term. We may also see the repatriations of some overseas investments by Chinese individuals and investment companies to cover their challenging situations back home. This could take some of the steam out of markets such as the US, Canada and the UK where Chinese real estate investors have been very active. Indeed, if the Chinese stock markets and economies do not find a level in the short term this will have a growing impact upon the worldwide economy. In years gone by China was something of a mystery to many investors then it was partly opened up to foreign investors and the US authorities negotiated closer ties. China is now a major powerhouse and has a significant impact upon the worldwide fast cash personal loans com economy. They used to say that if the US sneezed then Europe would catch a cold but now we can probably include China in this investment market saying. That is not to say that the short to medium term situation will be easy as it will certainly be a rocky ride for the foreseeable future. However, maybe we have turned a corner in relation to the long-term free market strategy investors have dreamed about in cash advance nashville tn China? Over the last few months media coverage of the Chinese real estate market has been negative to say the least with some investors concerned about manipulation by the authorities.

We have seen many property companies struggling to cover their financial liabilities and there has been something of a shakeup in the property investment market.


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However, recent economic data suggests that the Chinese economy is still growing and we may be seeing the start of a major shift in economic activity. As a consequence, is it time to reconsider Chinese real estate as a long-term investment opportunity? The spread of economic growth across the various sectors varies enormously with the likes of real estate increasing by 8. It is the increase in real estate output which has caught the eye of many investors who may recently have removed China from their list of preferred investment markets. So, how is the economy changing and is this sustainable in the longer term?

If you look at successful economies around the world you will see that while many have a limited manufacturing base it is the services sector which provides the long-term growth. China, like many countries in the Far cash advance nashville tn East, has benefited over the last 20 years or so from competitive manufacturing costs but we have seen a long-term erosion of these competitive margins. As a consequence, growth in the services industry cash advance nashville tn could create a very different outlook for the Chinese real estate market in the longer term. This is a markedly improved performance especially when you bear in mind that manufacturing increased by 6. It does look as though the Chinese authorities, Chinese businesses and investors are significantly more proactive in the services industry.

It was also interesting to see that the number of property sales in the first half of 2016 increased by 42.

However, relatively cheap credit has prompted growing interest in the Chinese property market and this is likely to continue for the foreseeable future. If the authorities continue their support for an expanded services sector this will benefit the long-term performance of the economy and ultimately create significantly greater demand for Chinese property going forward. We only need to look at successful Western economies to see the impact that buoyant a services sector can have on investor sentiment and in particular property investment. Over the last couple of years the Chinese economy has been extremely volatile and while current reduced growth levels is but a dream for many European countries, there has been a major slowdown in Chinese economic activity. This is having a significant impact upon the Chinese real estate market and indeed over the last 12 months we have seen a number of prominent Chinese property companies struggling to survive.

The authorities have stepped in with an array of helpful measures which have included strategies such as buying up empty properties and selling them to families at a loss.


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However, the last couple of months have seen a significant recovery in Chinese property prices in some of the larger cities. Is the market las vegas payday loan now set for a period of recovery or is there trouble ahead? The situation regarding the wider market is very different and many local property markets are still struggling to find a level. However, while supporters of the Chinese real estate market have highlighted the increase in city located properties is there still trouble in store?

Indeed a number of investors have been borrowing further funds to cover deposits basically stacking debt upon debt. The speculative nature of many of these investments also calls into question their long-term support of the Chinese real estate market. What cash advance nashville tn would happen if there was a short-term wobble in demand and prices? However, it is unclear at this moment in time whether this historic pattern will emerge with growing concerns about the security of mortgage arrangements. It is very difficult to forecast with any real confidence a forthcoming crisis let alone in China where the authorities still dictate many areas of everyday life. What is clear is that average property price to income ratios are certainly stretched reaching a phenomenal 76 in Shenzhen at the end of 2015. Even with the best will in the world this situation cannot continue and when the market does go pop it will be difficult for the Chinese authorities to stop a total collapse. When you also take into account the potential impact upon the worldwide real estate market, if the Chinese market collapsed, and restricted funding in money markets, why have we not learned from the US sub-prime mortgage collapse of 2008?

The Chinese property market has been under pressure for some time amid signs that the economy is slowing and demand for property has dipped. This has prompted the authorities to introduce an array of pro-property ownership policies although they have taken some time to impact the market and investor sentiment. However, there are signs that investor sentiment is improving with the Shanghai market in particular proving extremely popular at the moment.