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Property Market Chartbook, March 2021

Headline property indicators rose by large margins in the first two months of the year, with data flattered by comparisons to last year’s virus outbreak. However, new starts and land sales were actually below 2019 levels, pointing to a weaker pipeline of future construction. Sales in major cities were especially strong, but did not prevent credit events in the sector from proliferating. Local governments are taking their own initiative to limit speculative housing purchases, particularly in larger cities.

Posted April 9, 2021
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