Tuesday, March 1, 2011

China House Prices up 0.5% in February

I love that quickly published data.

China February Residential Property Prices Up 0.48% Vs January - Data Provider
China Real Estate Index System said that 80 cities showed month-on-month increase in property prices, while 18 cities posted a decline in property prices over the same period, and the remaining two cities showed no change. 78 cities posted price increases of less than 1%, it added.

Is this the long awaited slowdown? Hard to say. Short month. Secondly, January with the New Year imminent was a big time for getting financing (the government made extra noises about keeping that under control). I'm not convinced that the pre New Year spree didn't simply pull some demand forward.

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