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Chinese house prices are passed or approaching their growth peaks with June data coming in at 7.3% year on year and 0.4% month on month:
The speed of price gains is slowing though some major cities are still crazy:
- Shanghai June new home prices ex-affordable rise 33.7% y/y (and +2.4% m/m)
- Beijing June new home prices ex-affordable rise 22.3% y/y (and +2.3% m/m)
- Shenzen home prices up 47.7% y/y
- Xiamen up 34% y/y
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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.
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