On May 28, the Research Institute of Finance and Economics of the China Academy of Social Sciences (CASS) issued its Monthly Analysis Report on the Development of China's Housing Market for May 2019.
According to the report, housing prices in key cities in China rose in April for the third consecutive month, though the growth slowed down compared to March. At the same time, trading volumes of second-hand houses declined sharply: for instance, in April the trading volume index of second-hand houses in 10 key cities in China was 177.84, down 27 percent compared to March, though remaining almost stable compared to April last year.
CASS expects that the growth of housing prices in first and second-tier cities in China will slow down further in the short term, while a shift from an upward to a downward price trend is anticipated in third and fourth-tier cities, though the decreases are expected to be limited as China’s investment in infrastructure construction in third and fourth-tier cities is still booming.