Chinese property prices hit the skids in frozen market

Thursday 21 October 2021

It’s farewell to Chinese new home price gains with the seventy city index yesterday pulling a donut in September (-0.08) but still up 3.8% over the year:

The breadth of losses is expanding sharply as the freeze spreads. Only 14 of 70 cities recorded price gains:

Prices are slowing everywhere:

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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.