China house prices keep on falling

Tuesday, 17 February 2015

China’s NBS has released January house price data and it’s a disappointment for anyone hoping for a quick turn in the market (ie Australia) with new home prices down 5.1% year-on-year in January:

In major cities, prices are also still fading:

Shanghai new home prices down 4.2% year-on-year and existing prices down 1.6% year-on-year
Beijing new home prices down 3.2% year-on-year and existing prices down 4.0% year-on-year

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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.