House Prices in Shanghai Are Spiralling Out of Control (2010)

Описание: Shanghai Property Bubble (2010): Shanghai is rapidly becoming one of the most expensive cities to buy property in the world.

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Whilst China woos investors at the Shanghai Expo, residents are abandoning the city in search of more affordable housing.

As a young, professional couple view yet another prospective flat in Shanghai, the response is the same: "It is a dream home, but it's too expensive". A single square metre of property can cost over 7000 Euros in the city. As fast as Li and Wang can save, prices rise beyond their grasp. With China's culture of investment in real estate pushing prices out of the market, the situation is increasingly ominous.

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