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)