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This article from May of last year claiming a 31.4% m/m plunge is interesting: http://www.economicsjunkie.com/beijing-property-prices-plunge-31-4-in-one-month/
by huetsch 15y ago
This article from May of last year claiming a 31.4% m/m plunge is interesting:
http://www.economicsjunkie.com/beijing-property-prices-plunge-31-4-in-one-month/ http://www.economicsjunkie.com/beijing-property-prices-plung...
It's possible that there are significant seasonal fluctuations in the market.
That said, the three-month average is still significantly negative: "Beijing property prices rose 0.4% m/m in February, 0.8% in January and 0.2% in December". And word on the street is that it's getting a lot harder to sell property.
I'd be interested to see a graph with average housing price data stretching back for the past few years.