• Chinese Real Estate Downturn Coming Says Igor Purlantov
  Source: http://www.listfree.org/27188-chinese-real-estate-downturn-coming-says-igor-purlantov.html Recent growth in the Chinese real estate market has been nothing short of extraordinary according to Igor Purlantov. From 2009 to 2010 the average home price in Shanghai and Beijing grew 68% and 66% respectfully. By way of comparison, the average home price in the United States grew a total of 50% from January 2000 to April 2007. A prominent driver of this growth has been the large amount of inexpensive debt made available to real estate developers as a result of generous government policy according to Mr. Purlantov. This easy money has pushed developers to construct buildings with little consideration of demand leading to an inevitable oversupply. There are a
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