China's Land Price Slump
Episode Description
The new indices of housing land prices in China show that the market has regressed to where it was five years ago, Wharton's Joseph Gyourko says. More: http://knlg.net/1yye43v 📂 Finance & Accounting;Real Estate 🏷️ Research
Brief Summary
Professor Joseph Jerko discusses the decline in Chinese land prices and its implications for investors and developers.
Key points
- Decline in Chinese Land Prices. A significant 6.5% decline in real land prices across 35 cities is noted.
- Cautious Developers. Developers are worried about price drops, leading to a decline in transactions volume.
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Episode highlights
- Decline in Chinese Land PricesA significant 6.5% decline in real land prices across 35 cities is noted.“That's the first significant decline in some time.”0:45Nov 21, 2014
- Cautious DevelopersDevelopers are worried about price drops, leading to a decline in transactions volume.“Real estate developers clearly inside China are becoming more cautious.”4:22Nov 21, 2014
