|
BIZCHINA> Review & Analysis
![]() |
|
Time to buy US houses?
(China Daily)
Updated: 2009-04-11 08:13 US real estate developers, brokerage houses and other firms are currently taking part in Beijing's spring housing exhibition. What are the implications of their presence in the Chinese capital? Does it mean globalization has developed to such a degree that more and more Chinese mainlanders are actually participants now instead of just referring to it as some remote phenomenon?
The world, to quote Thomas Friedman, really has become flat. Housing purchasers travel from all ends of the globe to buy realty, an unimaginable occurrence years ago. However, the group reportedly returned with not a single deal inked. The rumor they went just for a look is groundless, given the market's current low prices. There should be reasons for their empty-handed return.
Whether it is worthwhile to invest now was the major reason for their reluctance to make decisions. It is necessary and understandable for them to be prudent. The related taxes they would have to pay for maintaining the properties, the possible fluctuation of prices in the near future and how they manage these properties from afar are the main factors that will impact returns. Now the Americans are here in Beijing to seek cooperation and sell their houses. But have they brought with them the right products for their Chinese customers? Chinese house buyers are already concerned about whether housing prices have dropped to the lowest level in the domestic market, and want to know much more not only about the market in the United States but also relevant laws and regulations. When China first opened up in the early 1980s, central and local governments introduced a range of preferential policies to attract foreign investors because they knew they would never come unless they were sure they could make money. If American real estate developers really want Chinese to buy their houses, they need at least to let their Chinese customers know how deep the water is. They may also need to have some special policies to make things easier for Chinese to invest. This may help the US housing market recover from the slump caused by the sub-prime crisis and afford Chinese the dream of owning US properties. (For more biz stories, please visit Industries)
|
|||||
阿城市| 安多县| 新晃| 西林县| 汉川市| 松滋市| 安溪县| 常州市| 屏边| 平果县| 平遥县| 宝兴县| 辽中县| 洪江市| 西乡县| 淮南市| 巴中市| 镇赉县| 郯城县| 洪雅县| 融水| 黑山县| 百色市| 揭阳市| 潮安县| 绵阳市| 皋兰县| 河北省| 洱源县| 雅江县| 东明县| 镶黄旗| 隆林| 太保市| 上栗县| 衡水市| 衡阳市| 丰台区| 常山县| 安仁县| 赣榆县|