Stable 2014 predicted for chinese property
A stable 2014 is predicted for Chinese property by Knight Frank.
The constultants' latest report forecasts that the performance of China's residential and commercial real estate will depend largely on the country's economy, with home inflation curbs expected to continue. Indeed, 2013 marked a period where the Chinese mainland government rolled out a string of restrictive measures designed to cool down potentially overheating housing markets.
Strong demand will see prices growth further, adds Knight Frank, but at a more moderate pace.