Chinese house prices slip again in April
But the gradual price decline is still manageable for the government and is a necessary pain for Chian to pop any forming price bubbles.
Here's more from BBVA:
Real estate prices continued to fall in April, with the prices of new housing falling in year-on-year terms for 46 out of 70 cities, eight more than in March. Driving housing prices downward are tight curbs on housing implemented by the Chinese government, along with weakening growth momentum in the Chinese economy. We estimate that nation-wide, average prices of new and previously-owned housing declined by -0.20% month-on-month, and -1.86% year-on-year, down from -1.48% in March. We think that because the decline in housing prices has thus far been gradual, it has been manageable for the economy, and moreover it is in line with authorities’ efforts to eliminate price bubbles