Filed under: International markets, Industry, Consumer experience, China, Economic data, Politics, Housing

We have heard and read a lot over the past year regarding the weakening U.S. real estate market, but what about the red hot Chinese market? Some evidence is starting to show that the Chinese real estate market is also starting to soften a bit.

For the past several years, the Chinese government has started to try to curb the rapidly surging housing market, which kick-started around the start of 2001. Now the first signs of a housing slowdown are starting to show themselves, as property brokers are scaling back their operations, or in some cases closing their doors altogether.

Just how much of a slowdown are we looking at? Consider this… in the first week of 2008, home sales in Beijing fell 20 percent compared to the week before. OK, I know what you are thinking… that’s just one week, we shouldn’t take too much from just one week’s data. Well, that would be correct, so we can’t just immediately assume the worst, but the writing is definitely starting to appear on the wall.

Continue reading Chinese real estate market may be starting to fade

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This entry was posted on Monday, January 21st, 2008 at 5:55 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.