Most China experts agree that there will be a price correction but that it will be manageable citing the ability of Beijing to sort out any problems.
Housing prices in China have been increasing at double digit rates and while there is tremendous demand for affordable housing, what is being built is not affordable.
Nationally , home prices are 10 times the median household income and in Beijing the ratio is closer to 22 times. As a result, wealthy Chinese investors/speculators have turned their attention to overseas markets.
