New Cool Down for China's Fickle Real Estate

(Beijing) – Analysts have been all over the map trying to explain a sudden and precipitous decline in purchases of previously owned homes after the State Council announced new market controls April 15.

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They've likewise offered a wide range of forecasts for the real estate industry, China's most talked-about – and potentially volatile – business sector. One prominent prediction is that the government soon may introduce new property taxes.