Posted on 05/07/2014 9:18:27 AM PDT by ameribbean expat
Nomura have, via CREIS a private data vendor, 45 of the 100 cities surveyed in April experiencing month-on-month property price declines, up from 37 cities in March.
That’s mostly driven by declines in tier 2 cities, where the share of cities with falling prices jumped to 46 per cent in April from 25 per cent in March. The share rose to 46 per cent from 42 per cent in tier 3 and 4 cities, and remained at 25 per cent in tier 1 cities. Significantly, tier 2 cities and tier 3 and 4 cities accounted for 28 per cent and 67 per cent, respectively, of property under construction in 2013.
The Japanese know a thing or two about deflating long-term property bubbles.
Maybe China will give up its claim on them there islands...
Captain, I believe we are holed below the waterline in compartments 2, 3, 4, 5 and 6.
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