Is China’s housing price bubble about to burst? Do any of the other BRICs face home-grown property price bubbles?
We do not find compelling evidence of property price bubbles in either Brazil or India. In Russia the recent recession has already deflated the country’s prominent property price bubble in Moscow. In China’s case we conclude that a rapid expansion of housing supply is about to bring about a significant deceleration of property prices. The current property price...
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