Chinese house prices slip-slide away

Tuesday, 15 December 2020

This is potentially a very big story for 2021. Chinese house prices are slip-sliding away. In November they barely grew at just 0.1% and 4% year on year:

46 of 70 major cities are now either stalled or falling:

Top tiers are cooked. There is still some growth lower down:

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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.