Housing prices in Shenzhen have jumped 40% in the last year
No one has all of the answers about what’s going on in China’s real estate industry, but Mingtiandi is betting that together this site’s readers have some important answers to which way the market is headed.
So we put together this simple, seven-question survey about China’s housing prices, and why home values in first tier cities seem to be rising much more quickly than in other locations.
What’s Going on in China’s Housing Market
In an analysis of the most housing prices reported by the National Bureau of Statistics, Mingtiandi found a broad gap between growth in housing prices in China’s first tier cities, and the results in second and third tier urban areas.
While mega-cities such as Shenzhen have seen average prices rise by 40 percent compared to the same time in 2014, in most third tier cities in China homes are still selling for less than they did in 2014.
And this disparity in price growth comes despite the government having cut downpayment rates and relaxed other home purchase restrictions for people buying homes anywhere but in first-tier cities.
Given that Mingtiandi has an audience of more than 30,000 China real estate professionals each month, each of whom may have unique insights into the market, we decided to help all of us understand the market better by putting this collective knowledge to work.
It only takes five minutes, and survey results will be shared on Mingtiandi next week.
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