Houses with price tags of islands: Real Estate in China

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On Friday, May 1st (2015), the following words appeared in a corner of the front page of the Financial Times:

"Something is wrong when a 1,000 sq m McMansion overlooking a rubbish-strewn wasteland in suburban Beijing has the same $8m price tag as a whole Caribbean island."

But one example does not prove that something is wrong with the market. Below are several illuminating perspectives on China's property market:

Recent Peterson Institute analyses

Distribution of 5-year real housing price changes for 23 countries (1975 – 2014)

Source: Troutman (PIIE) & FRB Dallas, BIS

Real estate reporting

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