China property recovery continues, such as it is

Monday 20 July 2015

Over the weekend, China released its June property price data and the recovery continues with new home prices up 0.4% on the month and still accelerating:

Prices are still down -4.9% year on year but clearly past the nadir:

Prices rose in 27 of 70 cities month-on-month (vs. 20 in May) and fell in 33 cities (vs. 41 in May) with 10 unchanged:

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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.