More on the April China property price data.
Data post is here: All China April property prices: -6.1% y/y (prior also -6.1% y/y)
- New home prices in 70 cities fell by an average 6.1 per cent year-on-year last month ... in March they had also deflated at a record pace of 6.1 per cent
- Records go back to 2011.
- On a monthly basis the trend looks less worrying. .. of the 70 cities tracked, 47 recorded falls last month, versus 49 in March
- China's National Bureau of Statistics said new home sales rose 16 per cent year-on-year in April