Real estate investment growth closed the year with a 1% year on year gain, but it finished the year with 5 consecutive year-on-year monthly contractions, finishing with a 1.9% contraction in December.
Analysts are looking for the real estate recovery to run out of steam in the summer. As this sales chart shows (yellow is area, blue yuan) the year-on-year comparisons have it easy until June.
NBS: 2015年全国房地产开发投资和销售情况
"The Lock-In Effect of Rising Mortgage Rates"
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Today, in the Calculated Risk Real Estate Newsletter: "The Lock-In Effect
of Rising Mortgage Rates"
A brief excerpt:
Here is new working paper from Feder...
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