Summary: The premise that house prices will fall next year looks on shaky ground given the fundamentals of a growing economy. Credit growth is still low relative to history, while mortgage rates are still very low. There is a lot of misinformation on the issue of Chinese investors.
Key take-out: The idea that there will be a collapse in house prices next year doesn’t have much factual support.
Key beneficiaries: General investors. Category: Residential property.