Fever spreads: China's property speculators descend on inland cities
Property speculators in China are looking for the next big thing beyond the country's major cities. And they may have found it in the inland city of Changsha.
Shanghai, Beijing and Shenzhen have been the hottest property markets for most of the year, although smaller places such as the coastal city of Xiamen have been heating up too. Now there are signs the wave is reaching further inland.
Until now, Changsha's home prices have been one of the lowest among central provincial capitals due to ample land supply, a more leisurely economy compared with its bustling coastal cousins and subdued... read more
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