China NDRC Property Index Rose 6.4% In December

January 17th, 2011 by Belisarius

(For December 2010)

Housing and commercial real-estate prices in China rose 6.4% y-o-y in December compared with 7.7% reading in November and 7.0% consensus. On monthly level the prices were up 0.3% same as in November.

Adding to China worries, it’s positive that the growth in real-estate value is moderating, but the risk (and fear) is that the prices could start falling.

Chart 1. China NDRC Property Price Index – House Price


 

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