Chinese house prices begin to bubble

Chinese house prices were out yesterday and showed a sudden acceleration, up 0.5% on the month and 5.3% on year:

The breadth of price rises expanded to 54 cities:

Top tiers lagged:

Here’s the raw data:

It’s a little odd given sales remain shite:

But that’s the rub in China. Monetary easing always ends up in property owing to a dearth of anything else to buy.

And with trade and the consumer stuffed, what else can China do to grow?

There’s more money and price rises coming.

David Llewellyn-Smith
Latest posts by David Llewellyn-Smith (see all)

Comments are hidden for Membership Subscribers only.