The property market in China has been imploding. For those of you not aware it might be worthwhile to protect your portfolio in case the property down turn comes to the UK or your market. China’s gargantuan property bust has been in the headlines for several years, with some of the world’s biggest developers, notably Evergrande, collapsing under a mountain of debt and unsold and unfinished units. As reported by the Wall Street Journal, a Barclays Bank report estimates the cumulative wealth destruction from China’s property price falls so far at $US18 trillion , or about $US60,000 per Chinese household. We feel the key to withstanding a down turn is to buy correctly, thus under the market price, prepare yourself to sit tight and simply collect rents from your tenants diligently. Would suggest focusing on residential as everyone needs somewhere to live. Lower your leverage in case of vacancies which can occur.
#property #propertyuk #china #propertyinvestment
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