China's property prices have to fall by 25%

Note: This section contains information in English only.
Source: Marketwatch

Governmental policies aimed at cooling the real estate sector have to be continued until house prices tumble by 25%, reported Agricultural Bank of China. The bank claims the prices must first fall to the level that the majority of the resident can afford and after that rise to stable level. Home price should slide by 10%-25% in large cities and by 5%-15% in the medium ones.

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