Ejendomspriser falder i 68 ud af 70 kinesiske byer

Bloomberg: China Home Price Drop Spreads as Housing Demand Weaken
China’s new-home prices fell in all but two cities monitored by the government last month as tight credit damped demand even as local home-purchase restrictions were eased.
Prices dropped in 68 of the 70 cities in August from July, including in Beijing and Shanghai, the National Bureau of Statistics said in a statement today, the most since January 2011 when the government changed the way it compiles the data.Home sales slumped 11 percent in the first eight months of this year amid aneconomic slowdown after banks tightened property lending to curb default risks. While 37 of the 46 cities that imposed limits on home ownership since 2010 have removed or eased such restrictions as of Sept. 3 to stem the decline in sales, a wait-and-see attitude is still prevalent among homebuyers, according to Centaline Group, parent of the nation’s biggest property agency.“The policy easings only increased the number of people qualified to buy, but the number of those with the ability to didn’t rise noticeably” as mortgages remain tight, Donald Yu, a Shenzhen-based analyst at Guotai Junan Securities Co., said by phone. “There’s still room for prices to go down further.” Private data also point to continued price declines. The average new-home price fell 0.59 percent in August from July, the fourth consecutive month of declines, according to SouFun Holdings Ltd., the nation’s biggest real estate website that tracks 100 cities

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