Chinese house price boom ends

Monday 18 September 2017

Chinese house prices for August are out and the boom is caput. Overall prices still rose 0.2% on the month and 8.3% year on year but the trends are all down as macroprudential tightening goes to work:

24 out of 70 cities now have flat of falling prices:

First and second tier are headed for falls. Lower tiers are slowing:

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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.