Beijing Real Estate Market Down 35% in November


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 and The Los Angeles Times


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