Nem vou me dar ao trabalho de traduzir. Basta ler os números negativos na China para entender.
Por que a Vale cai? Por que a Bovespa cai?
Year-on-year sales in Q1, for all real estate, was down -14.6%.
Residential property sales were down -17.5%
Office sales were down -10.2%
Sales in January-February were a disaster, falling 20.9% overall, compared to the first two months of 2011, -24.7% for residential.
Total amount of floor space “for sale” was up 35.5%, compared to the same date last year.
Floor space of residential units “for sale” grew 47.4%.
At the end of 2011, total floor space “under construction” was roughly 4.6 times the floor space sold.
A year and a half worth of excess inventory is hidden somewhere in the pipeline
New starts in April fell -14.6% year-on-year and -27.0% month-on-month, for property as a whole.
Housing starts fell -14.4% year-on-year and -23.4% month-on-month.
Office starts fell -21.0% year-on-year in April, and -45.1% compared to March
Retail property starts fell -18.7% year-on-year, and -36.8% compared to March
Land sale revenues in April (RMB 27 billion) were down -54.7% compared to April last year.
Foreign funding for property development was down -91.4% in March and -80.8% in April, compared to the same months last year.
Cadê o dinheiro?
Read more: http://www.businessinsider.com/real-estate-crash-in-china-2012-5#ixzz1v7yV91ZB
Por que a Vale cai? Por que a Bovespa cai?
Read more: http://www.businessinsider.com/real-estate-crash-in-china-2012-5#ixzz1v7yV91ZB
