Video: home prices falling in china’s top cities

Weekly data released on Monday showed house prices were flat, or falling, in China’s most popular cities. It adds to circumstantial evidence that developers are slashing prices to clear their stock.

State media reported broker Centaline Property Agency Limited said last week it would close 60 outlets and lay off 1000 workers, while Century21 Real Estate closed 34 outlets in the first two quarters of the year.

Watch the full video report on TheMoveChannel.tv:

http://www.themovechannel.tv/2011/11/home-prices-falling-in-chinas-top-cities/