Even in China, down home prices

The Chinese real estate market prices are decreased by 0.4% during the month of December compared to what was achieved during the same month last year: this was the first decline Real Estate of largest Asian country Caused by a sharp slowdown in economic growth, and subsequent recession overall.

The decrease, obtained by monitoring real estate prices of the seventy largest cities in the nation, following an increase of 0.5% in November.

In the last months of 2008, also the sale of new homes fell 0.8%. The city that suffered the worst decline in prices was Shenzhen, a -18%.