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China home costs dip as cities enforce curbs

  Bloomberg China’s home-price gains tapered off last month, as second-tier cities joined some of the nation’s largest hubs in imposing housing curbs to cool surging prices. New-home prices excluding government-subsidised housing climbed in 55 cities in June, down from 60 in May, among the 70 tracked, the National Bureau of Statistics said this week. Prices dropped in 10 cities, ...

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London home values may fall by over 30pc, opines SocGen

  Bloomberg London’s seven-year housing boom may be about to end after the UK voted to leave the European Union. “While in recent stress tests, the major UK banks were assessed with declines of around 30 percent in commercial real estate prices, we fear that London residential could experience an even more severe downturn,” Societe Generale analysts including Marc Mozzi ...

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Vanke share slide may spur liquidity squeeze

  Bloomberg China largest residential real estate developer Vanke Co.’s shares have fallen below the level that JPMorgan Chase & Co. analysts said might trigger a liquidity squeeze at funds managed by its largest shareholder, Baoneng Group. The Shenzhen-traded Vanke shares have tumbled almost 30 percent after they resumed trading on July 4 following a six-month halt. The shares fell ...

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