China’s property market soars to new highs
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China's property boom is back with a vengeance! After many government measures to support the housing market, there has been a dramatic rise in transactions and prices. High-profile cities like Shenzhen, Guangzhou and Shanghai have led with significant price-rises.
In Shanghai, the price index of second-hand houses rose by 8.31% (6.9% inflation-adjusted) during the year to October 2015, in contrast to a y-o-y decline of 0.17% (-1.84% inflation-adjusted) the previous year, based on figures from Ehomeday.
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