Experts believe that house prices have 40% to 50% price reduction Spaces
Posted on Mar-23-2009· by china investor
 According to media reports, experts believe that house prices are still declining trend the times, the current prices compared to income of residents is still too high. At the international level, the reasonable proportion of house prices compared to household income is 3-5 times, but now China ratio reach about 12 times, that means all the income of a resident for 12 years without food or drink are only enough to pay one Suite son. This is far beyond the reasonable proportion, housing consumption influenced and overdraft other consumption of a lot of buyers. Experts said house prices have 40% to 50% of the declining price space, probably the bottom after two years.
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