Foreign Buyers Boost Real Estate Property Prices

The GFC has slowed down the real estate property industry. Despite the discounted property prices, not too many are biting the bait, except probably the first home buyers who are trying to get assistance from government subsidies.

The discounted prices of real estate properties keep foreigners coming trying to take advantage of the cheap prices. This trend however is making the demand higher and boosting property prices above the buying capacities of locals.

The influx of foreign investment is good for the economy but has its own bad sides. Hopefully it will get balance out.