Realty is back on terra firma

For many property owners in Shanghai, the downtrend in both rentals and home sale prices this year is quite different from that of previous years.

That is not good news.

With higher supplies in the rental market and sloppy transactions in the preowned property market, average price of pre-owned properties in Shanghai dropped from 52,640 yuan ($7,856) per square meter in January to 50,674 yuan per sq m this month.