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China's home price growth picks up in October; up 0.3 %

As mega-cities like Beijing impose increasingly stringent measures, speculators have moved to smaller centres this year where authorities offer cheap credit and impose few restrictions

Reuters  |  Beijing 

China's new home prices rose at a slightly faster pace in October after gains had held steady the previous month, as prices remained resilient in the face of falling sales and a tighter liquidity environment. China's housing market has seen a near two-year boom, giving the economy a major boost but stirring fears of a property bubble, with the government taking strong measures to curtail purchases. Authorities have been particularly focused on curbing speculative lending in the housing market and have continued a broad effort to defuse financial risks from a rapid ...

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First Published: Sat, November 18 2017. 11:02 IST