AFTER years of dizzying ascents, a big dose of gravity has hit residential-property markets around the world. According to The Economist’s latest round-up, year-on-year prices are now falling in 12 of the 21 countries we track; in five of the other nine, prices are rising at a slower rate than they were a year ago.
This article appeared in the Finance & economics section of the print edition under the headline "Searching for solid ground"
Discover stories from this section and more in the list of contents
Explore the edition
Now for the hard part
If Vanke collapses, so might confidence in the state’s management of the economy
Without improvements, it risks wasting trillions of rupees