Economic Calendar, China July Property Prices

By the end of the week China will report their Property Prices for July.  Recently the Bank of China reported a recovery in home sales since April. However, sales of new homes declined  in Shanghai in the first part of  this year along with  new home starts.

Home starts refers to all residential developments been constructed or that started in that period, and are counted in the survey from the beginning of excavation.

In China it is expected that rent will increase in the next five years. Construction of  new developments are expected  to slow down in regional areas. And an increase in property value could be expected in the main cities.

It will be interesting to see how the market will react to the Chinese data, as the government is committed to implementing long-term property tightening measures to control speculative demand for real estate properties.

Positive news could lead to tightening measures that could scare the market and lead to a sell off of real estate stock, materials, supply and building companies. What the market will be expecting is organic growth in the demand for properties. This can translate into a stable recovery of the Chinese real estate industry.

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