the Chinese real estate prices may spiral out of control

China's central bank has warned that if the authorities do not give up market policies to encourage real estate in the country, prices can spiral out of control. In an article for the newspaper Financial News The central bank said that the rapid growth of the real estate market may jeopardize its development in the future. Part of a huge amount of real estate transactions due to refusal of the Government of the stimulus package, reports Reuters. Buyers tend to buy a house before the expiration of benefits, particularly benefits for value added tax. Recall that the period of exemption expires at the end of the year. On this Site www.cityscapeintelligence.com