Reuters reports that efforts to slow credit growth and other measures taken by the Chinese government have finally succeeded in slowing the rate of growth in property values as new home prices in 70 major cities rose 9.6 percent in January from a year ago, down from 9.9 percent the month prior and the slowest rate of appreciation since late-2012.
[Must Read: Chinese Property Bubble May Collapse in a Year or Two]
There’s a much bigger chart here showing all 70 cities for anyone who knows the difference between Xining and Tianjin. They still have a bit of a bubble on their hands, but, as Canada has proven in recent years, bubbly real estate markets can stay bubbly for a very long time.
