25% drop in property prices reported

17 May

I’ve made a lot of noise recently about the fragility of the Chinese real estate market

Here are two recent posts:

Any Xie on his friend’s home-help buying real estate:


Discussing the decline in the Chinese real estate index:


Well according to a report today by Shanghai Securities News, second home transactions in Beijing fell 81.7% in the first half of May, compared with April – that’s a massive drop!

In addition, according to a Shanghai based news paper, prices in home areas of the capital have fallen by 25%.


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