Over the past two years the run-up to the Olympics has meant a rush of new commercial and residential space in the Beijing market.
However, the boom has been accompanied by fears that once the games end on August 24, Beijing could plunge into a property slump.
Most experts do not believe this likely. Property agents say the market may see higher vacancy rates and lower rents and sale prices in the months immediately after the Olympics, but they expect spaces to be filled eventually because Beijing remains a key city for doing business in China.
On the other hand, property prices in Beijing, like those in the rest of China, have been falling from their spectacular highs, and they may correct further.
Ben Christensen, head of research in Beijing at property agent Jones Lang LaSalle said speculation that housing prices are on their way down is helping to depress prices.
Source: Wall Street Journal
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