fbpx
Previous
Next

Advertisement Banner

When the property market gets hotter, people get divorced to buy one. Erm…?

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
turned on silver macbook on white bed

What do people go when property market gets hotter or as per what people say, starts to recover? Well, more people will be tempted to buy because their friends, their colleagues, their relatives may be telling them about the property market as well. Briefly, when sentiments get positive, everyone feels that the time is right. People feel confident that what they buy will be a good buy.

When the property market is not hot, sentiment is also negative and when no one buys, most of the time, even fewer people buys. Haha. Today, we look at how property prices are also encouraging a spike in divorce numbers. Funny as it may be, this is seriously true. Not in Malaysia, fortunately.

property market gets hotter
Photo by burak kostak on Pexels.com

Article in nst.com.my Chinese government is doing its best to keep the property market in check because of the resurgence in real estate prices in Shanghai and Shenzhen. Their cooling measures include plugging a loophole long exploited by buyers using FAKE DIVORCES to become eligible to purchase more properties or obtain mortgages.

The reason for this divorce case is because most Chinese cities limit home-buying demand by capping the number of properties a family can own. Thus, divorce becomes a way to bypass the restriction. Under the new rule, the number of homes owned by people who have been divorced for less than three years will be counted based on the total they had when they were still married. To read more of this entertaining news, please read here: Article in nst.com.my

Yes, some property markets are getting hotter again.

China is not the only country with this thought; cooling their property markets. Singapore’s top leader has also mentioned that low interest rates are causing too high interest on the property market and this is not a good sign. Earlier article here: Too high interest because of too low interest rate is a big issue. Of course the same sign which both these countries have would be that they have managed to put COVID-19 under control and both have started mass COVID-19 vaccinations too.

Look for opportunities in all markets

Personally, I do not think too much about cycles. The reason is a simple one. Do we want to conclude that there is nothing to buy / overvalued during an up cycle or that everything is good / undervalued to buy during a down cycle? If we say we want to wait, then have we identified anything that we want to keep an eye on? If we say we wanted to sell, have we decided on the lowest price we could accept? Thinking is easy, doing is much harder. This is why many may miss the potential opportunities.

Happy understanding yeah.

Love news like this and more? Sign up for daily investment news updates.

Please LIKE kopiandproperty.com FB page to get daily updates about the property market beyond kopiandproperty.com articles. Else, follow me on Twitter here.

Sign up for KopiWeekly. (only once per week of property, finance, investment news and more)

Next suggested article: 7 advantages to buy in a slowing market

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

We love to hear from you (Facebook Comment)

LIKE us for property news update, FREE.

Previous
Next

Advertisement Banner

kopiandproperty.com

kopiandproperty.com

kopiandproperty.com is everything about property related writings and news. Enjoy reading with a latte.
Previous
Next

Advertisement Banner

LIKE us for property news update, FREE.

Property investment news everyday? Subscribe for free!

An article a day, keeps updated all the way.

Join 1,527 other subscribers

Property investment news everyday?

An article a day, keeps updated all the way. Subscribe for free!

join the family

Like us for daily investment news and more

Hit the like

%d bloggers like this: