4 ms·

Tier A cities have been getting cheaper for 3 years?

• seanmcdirmid 5y ago
  Tier 1 cities haven't, but Tier 88 cities have been. Actually, since the red families control most of the real estate companies, they often just prevent you from selling (real estate agents won't show your house) rather than risk scoring a "loss in real estate value." So in China it is better to look at sales volume rather than sale prices.
  • rcpt 5y ago
    I think that's intentional. I understand that to combat demographic disaster China has been depopulating the villages in favor of megacities. So tier 88 should get cheaper while tier 1 gets crazy.
    • seanmcdirmid 5y ago
      Tier 88 cities are hardly villages, they are cities with 1 million or more people. And they aren't shrinking, they are growing as well, most of China's growth will happen in these cities, especially since they are much easier to get hukou in than tier one cities. What good is living in Beijing if you can't send your kids to Beijing schools?