China’s housing market is now sliding nationwide, as government statistics released on Friday show falling home prices have spread to 55 of 70 cities surveyed. The drop in housing sales and average prices comes as developers struggle with a glut… Read More>>
Real Estate Investment Skid Slowing Down Land Prices
Investment by China’s real estate developers continued to slow during June, as the industry is squeezed between rapidly growing inventory and dropping demand, according to government statistics released today.
And these difficulties facing property firms are rapidly spreading to the… Read More>>
Real Estate Prices Dropped in May as 5-Month Slide Continues
The average price of housing dropped in China last month for the first time in nearly two years, as tight credit and reluctant buyers continued to put pressure on the nation’s developers.
According to data released today by the National… Read More>>
Slow Sales Bring Real Estate Investment Growth Down to 14.7%
China’s central government seems to be getting its wish as investment in the country’s real estate sector slowed in May due to slower sales and tightened credit. Now the challenge remains to encourage healthy economic growth in 2014 without the… Read More>>
Home Price Slowdown Brings Drop in Sales and Construction in Q1
Growth in China’s housing prices continued to slow during March, and a slackening in transactions brought housing sales revenues for the quarter down 7.7 percent compared to the same period last year. And now the market slowdown seems to be… Read More>>
China Housing Market Slows For Second Straight Month
Growth in average new home prices in China’s 70 biggest cities slowed to 8.7 percent in February compared to the same period last year, down from 9.6 percent growth the previous month according to analysis of official figures by Mingtiandi.
Home Sales Figures Drop 5% as Developers Get Gloomy
The value of home sales in China totaled only RMB 598.5 billion during the first two months of 2014, representing a five percent drop from the same period a year ago, as clampdown on credit starts to reduce the number… Read More>>
29 Months of Falling Home Prices Bring Chinese City to the Brink
Wenzhou, the wealthy port city in eastern China’s Zhejiang province, was once famous for its savvy real estate speculators. Now, however, this centre for the country’s new wealth has become noteworthy for the ongoing slide of its real estate market.
Producer Index Shows China Inflation Headed Down
China’s producer price index (PPI) contracted 1.6 percent year on year in January, following a 1.4-percent drop in December, data from the National Bureau of Statistics (NBS) showed on Friday.
The index, which measures inflation at the wholesale level, has… Read More>>
China Sells US$1.1T in Homes in 2013 as Dec Prices Soar
Propelled by housing prices that jumped as much as 20 percent in some major cities during December, China closed out 2013 with a record RMB 6.8 trillion ($1.1 trillion) in home sales for 2013.
According to data from the National… Read More>>
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