Property prices in Britain may be back on a downward trajectory, but there is one market where they are still white hot – China.
The Asian superpower is in the midst of such a vast property boom, with prices leaping 20pc a month in some regions, that developments are taking on fairy-tale dimensions.
Literally. The sight of a "real" alpine village rising from the grimy industrial suburbs of Huairou outside Beijing provokes an increasingly common reaction when discussing China's property market: "You've got to be kidding me, right?"
With its alpine clock tower soaring 200ft into the murk emitted by nearby chimneys, the "Spring Legend" development offers a Disney-style version of a lifestyle that the residents of Huairou and Beijing can realistically aspire to.
"The air is so fresh it penetrates your heart," waxes the sales brochure, a claim that requires a suspension of belief equally demanded by Spring Legend's ersatz palm trees, faux red English phone boxes and plant pots brimming with plastic alpine flowers.
More: http://www.telegraph.co.uk/finance/c...c-a-month.html
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I am going to start looking next week for a new house in central Brum to upgrade from my current "bedsit"
The Asian superpower is in the midst of such a vast property boom, with prices leaping 20pc a month in some regions, that developments are taking on fairy-tale dimensions.
Literally. The sight of a "real" alpine village rising from the grimy industrial suburbs of Huairou outside Beijing provokes an increasingly common reaction when discussing China's property market: "You've got to be kidding me, right?"
With its alpine clock tower soaring 200ft into the murk emitted by nearby chimneys, the "Spring Legend" development offers a Disney-style version of a lifestyle that the residents of Huairou and Beijing can realistically aspire to.
"The air is so fresh it penetrates your heart," waxes the sales brochure, a claim that requires a suspension of belief equally demanded by Spring Legend's ersatz palm trees, faux red English phone boxes and plant pots brimming with plastic alpine flowers.
More: http://www.telegraph.co.uk/finance/c...c-a-month.html
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I am going to start looking next week for a new house in central Brum to upgrade from my current "bedsit"
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