2012-06-17

Rate of home price decline slowing in China

Prices are down in China, but the rate of decline is slowing and transactions are picking up. If the bubble were bursting, price declines should pick up with transactions. The rate cut is likely having some effect and if this holds up for a few months, the soft-landing argument will start showing some real evidence. Then the story shifts to relative price declines in 2013, as the new government is likely to implement a massive tax cut package along with policies aimed at rapidly growing wages and disposable income.

房企降价动力减弱 6月楼市成交有望再创佳绩

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