Topic: China Property Update: Small Positives Today to Become Small Negatives
A quick check-in on the Chinese property market shows prices continued to rise in April, but apparently at an increasingly slower pace. According to SouFun/China Real Estate Index System, the average property price across 100 cities rose 0.40% in April to CNY 8,773 per square meter. The results compare to 0.59% in March where property prices rose to 8,738 per square meter. The average price per square meter six months ago was 8,418 Yuan, i.e. average prices are now 355 Yuan higher.