House price in China’s big cities become incredibly out of reach. Below shows average property price in London and Shanghai in 2007. Bear in mind, average capable buyers in Shanghai bring in home merely 1/6 of UK families, taking into account of currency exchange rate, and China is still a developing country.
BBC report on London house price.
Average Cost: £377,807
Detached: £769,519
Semi-detached: £423,889
Terraced: […]
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