![\"mark](\"https:\/\/i0.wp.com\/static.businessinsider.com\/image\/4b03de8a00000000001eb345-400-\/mark-mobius.jpg?w=400\")
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Despite stricter restrictions on mortgage lending recently enacted by the Chinese government, emerging markets perma-bull Mark Mobius thinks Chinese demand for housing will remain strong.<\/p>\n
Bloomberg:<\/a><\/p>\n “We don’t see fundamentals of the property industry will change much because of these new policies,” Mobius, executive chairman at Templeton, said in response to questions sent by e- mail. “We are in general still light on Chinese developers and if this correction brings valuations to more attractive levels, it would be a good opportunity for us to step up our positions.”<\/p>\n “Recent policy changes on property and mortgages were introduced with the purpose of curbing speculation, but not hurting real demand,” Mobius said.<\/p>\n This view stands in stark contrast to Goldman’s recent view that Chinese property prices could take it on the chin as a result of new mortgage rules<\/a>. Yet we’d highlight that both Goldman and Mobius are recommending\/looking to buy Chinese property shares on any dips. Thus both are still long-term bullish even if they disagree on the short-term property market’s reaction.<\/p>\n