There are signs of a turnaround in China’s property market. Home prices increased sequentially for the second straight month, reversing nine previous months of decline. But developers are mindful that curbs on the residential property sector remain as they seek growth through retail and commercial property. Hit by cooling measures, Chinese home prices have been on a broad downward trend for the past two years. But average home prices in China’s 100 major cities inched up 0.3% last month on a month-on-month basis, according to data from the China Real Estate Index System (CREIS).
A new retail report by Jones Lang LaSalle emphasises that changes across the global retail banking environment continue to be driven by political, economic and technological trends. These trends will lead to continued bank expansion in frontier markets, offsetting the search for greater efficiency in developed markets. The report, Global Retail Banking: Key Trends for Retail Estate, identifies that changes in global retail banking will be fuelled by increasing customer demand for innovation, flexible service capability and banks actively managing their brand’s presence in a retail environment.
Where are the wealthiest places in China and the most expensive places to live? Who are the wealthiest people in China, and where are they spending their money and what Chinese luxury brands are they buying? This infographic takes a look.