Chinese house price bubble begins to pop

Monday, 19 December 2016

With MYEFO out of the way, here comes the next problem: China slowing. November house prices are out and the slowdown we’ve been awaiting has arrived with prices up just 0.3% on the month and 12.6% on the year:

The eastern bubble cities have hit a brick wall:

The big fall in year on year prices begins:

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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.