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%.