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From Ifeng:
If the property market during the National Day of the data does not adequately reflect the “September 30” Deal of the market shake, then in October lopsided now, the impact of the “September 30” on the secondary housing market is gradually emerging. According to agency statistics, 10 months early Beijing second-hand housing network to sign fell 25%, while the actual volume intermediary there have been varying degrees of decline. Faced with the New Deal, second-hand housing buyers and sellers are in a new phase of wait and see.
After landing the New Deal, the performance of the secondary housing market is a step by step approaching everyone’s guess.
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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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