Year

Ratio of house price to income

House price growth rate/GDP growth rate

Housing vacancy rate

Residential construction area/residential completion area

Investment growth rate/GDP growth rate

Real estate development investment/fixed assets investment

2007

serious

slight

slight

-

-

-

2008

serious

-

slight

-

-

-

2009

slight

-

serious

-

-

-

2010

serious

serious

serious

-

-

-

2011

serious

-

serious

-

serious

-

2012

-

-

serious

-

-

-

2013

-

-

serious

slight

-

-

2014

slight

-

serious

-

-

-

2015

-

-

serious

-

slight

-

2016

-

-

serious

serious

slight

slight

2017

-

-

serious

serious

-

serious