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  1. News - China

    Chinese buying first homes too early, study warns

    Posted Jul 16th 2013, 03:45pm by Patrick Boehler

    ... Patrick Boehler patrick.boehler@scmp.com Chinese homeowners buy their first homes too early and the homes are too large, the Academy of Social Sciences has warned in a report. Concerns over future increases in house prices were driving young urban Chinese to buy their first homes “too soon”, thus worsening housing shortages in China’s hubs, the Academy wrote in its annual ...

    http://www.scmp.com/news/china/article/1283969/chinese-buying-first-homes-too-early-study-warns

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