Chinese house prices stagnate

Tuesday 18 July 2017

Chinese house prices are out and show an on ongoing steady stagnation in June. Prices were up 0.7 month on month and 10.2% year on year:

Top tier cities are now dead in the water and falling towards zero year on year fast. Lower tiers are keeping on keeping on, supporting the headline number:

Still, it’s remarkable cycle. The use of stern macroprudential in top cities means the cycle has been very distended overall:

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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.