China’s house price boom rolls over

Thursday 18 August 2016

China’s house prices for July are out and the boom is ebbing though still in the second derivative. Monthly gains are down to 0.6% and annual 7.9%:

The number of cities with rising prices has topped out in the 70 city index and fallen back to 51, with three flat and 16 falling:

The split of price rises shows clearly that first tier has enjoyed a wild bubble while the lower tiers where over-building is so prevalent have lagged badly:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.