China is the new world champion in real estate transactions
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Property sales reached record level of $ 31.2 billion in China. The value of real estate transactions in the Asian state is double in comparison with that in the U.S.
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China is one of the few countries in the world for which 2009 meant a rise of real estate market transactions. The segment of commercial properties acquisitions is world champion. In the first half of the year, in U.S. property sales reached $ 16.2 billion, almost half of the figures announced by the Chinese state, while in the Great Britain the amount rose to $ 13.7 billion.
There’s no doubt. China will become an important player on the commercial transactions in front of the Western countries says Dan Fasulo, managing director of Real Capital, a company of real estate analysis.
How was possible a rise of almost 22 %? The Chinese government changed the conditions of loans, making them more accessible.
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