Beijing Real Estate Market Down 35% in November

by

According to the property agency Homelink, China’s real estate market dropped 35% in November. According to the Los Angeles Times, China’s overall real estate market has declined 40% from its 2009 peak. As people start to demand discounts on recently-purchased homes and what appears to be two years worth of new housing stock comes into the market, home prices could decline much further in the coming months.

–from ForeignAffirs.com and The Los Angeles Times

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: