Real Estate Investment Growth Slows to 1.4pc in July

The crackdown on land sales is working, as the recovery ended in July. Real estate investment growth also slowed to 5.3 percent ytd, and only 1.4 percent yoy in the month of July. Restrictive policies being rolled out in the hottest second-tier cities could be enough to tip investment back into contraction.

More charts after the jump.

Home sales by area (yellow) and yuan amount (blue)

Land Sales

Developer Funding Growth Rate

NBS: 2016年1-7月份全国房地产开发投资和销售情况

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