October Real Estate Investment By Province: Fire and Ice

Some provinces saw real estate investment explode in October, while others saw it collapse. Three provinces saw massive one month spikes way above trend: Beijing, Tianjin and Hubei. Shanghai saw a bounce, but still much slower than only a few months earlier.

Several provinces saw growth collapse, many either fell into contraction or saw the contraction accelerate. Guangdong swing to contraction in October, a major shift considering the province accounts for 8.6% of national real estate investment. The largest is Jiangsu, which accounts for 8.8% of national real estate investment and contracted 4.5% for the month. Chongqing rebounded to positive growth of 0.34%; last year at this time, growth was over 20%.

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