Data visualisation can be a good way to get a quick grasp of the dynamics of property markets in China, and to reveal some surprising insights. Zhongshan is one of the lower-tier cities that recorded very strong growth in house prices among 100 major cities in China. The chart-in-motion below captures five years of monthly price growth data between June 2011 and July 2016 across 100 cities in China, and illustrates where we are today in the highly cyclical Chinese residential property market. The latest data released today shows that the aggregate house price indices growth in China across 100 major cities accelerated in July to 12.4% year-on-year, stronger than 11.2% equivalent figure for June, according to the private survey data by SouFun-CREIS, but what does it look like in historical context and across the individual cities? ...
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