Sunday, January 10, 2016

IB Economics 2016 Prediction

My economic prediction for 2016 is that real estate prices in China will decrease. The justification and reasoning of this includes that since real estate has been becoming increasingly expensive in China, due to the increase in middle class in China, "ghost cities" are being created. The supply of real estate will not meet demand and thus the price of Chinese real estate will soon decrease.

Link to article