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China’s housing market: decline more likely than crash

Residential complex ‘Evergrande Metropolis’ in Huaian: the crisis could cause appraisals to drop

The US rating agency Fitch has published a gloomy outlook for China’s real estate market. In their latest report on the global housing market, experts warn that the People’s Republic of China, of all places, could be one of the few countries in the world where real estate prices will not continue to rise and could drop sharply instead.

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