Thursday, January 29, 2009

Where not to invest

Raising the Roof - Beijing suspends restrictions on foreign buyers

By all means, if you want your own holiday apartment in an unusual location, consider Beijing. But don't expect capital growth:
Last week the Beijing Statistics Bureau reported price growth declined for the ninth straight month. Prices could fall by 20 percent in the next few months, a recent report by the Beijing Academy of Social Sciences predicted.

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