China to Limit Foreign Real Estate Investment
This report says China proposes to limit real estate investment by foreigners. There are lessons to be learn when you have a booming economy reliant on foreign investment.
The truth is the Zimabwean market is still very much dorminated by locals, i have read a few articles in the UK where Zimbabwe is being featured as a hotspot to buy in. Even though we havent seen much of the foreign dollars, these reports suggest money can be made in this market.
One problem in the property market is once you get an influx of foreign dollars then locals will be priced out and here China is trying to tackle that.It will be very difficult for China to try and put such policies considering the impact its having on the global economy.
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