A school and residential buildings are under construction at Yanan New Zone, Shaanxi province, China, in January. PHOTO: YAWEN CHEN/REUTERS Beijing relied on home buying to help boost the economy in 2015, but concerns about debt and house prices could limit that option now SHANGRAO, China—Investors were pouring into this sleepy city in southeastern China until late […]
China’s booming property market is showing further signs of cooling with official data finding another step down in price inflation and more cities reporting price declines in July. In the 70 cities surveyed by the National Bureau of Statistics (NBS), 51 reported price gains in new houses, down from 55 in June and a peak […]
Prices have fallen but high deposit required means low risk of crisis. As China’s equity markets cool down and its currency is devalued, attention will return to the question of whether the country’s property market is heading for a fall. In my view, the boom days are over, but with buyers required to put at […]
The slump that hit China’s property market this year could hit the country’s banks according to ratings agency Standard & Poor’s, in the latest warning to the world’s second largest economy. While the housing market in China has started to see some recovery of late, with data released at the start of the month showing […]
Turmoil in the Chinese stock market could have a quick and direct effect on U.S. housing. From newly built homes in Irvine, California, to Miami condos to Manhattan luxury towers, Chinese money has been flowing freely. The question now is, will trouble in the Chinese stock market translate into more or less cash coming into […]
SHANGHAI–China’s housing sales in the first five months of the year rose 5.1% year-over-year, a reversal from the 2.2% decline recorded in the first four months as lower borrowing costs and relaxed mortgage requirements lured home buyers back into the market. Housing sales in January to May totaled 2.07 trillion yuan ($333 billion), according to […]
