You are here: Home » International » News » Economy
Business Standard

China's new home price growth hits two-year high as small cities boom

Tier-3 cities collectively posted a robust month-on-month price increase of 1.5% for new homes which was more than double their 0.7% price gain in June

Reuters  |  Beijing 

China's new home prices accelerated at their fastest pace in almost two years in July, led by smaller cities and highlighting challenges policymakers face in stimulating a slowing economy without fueling a property bubble. Average new home prices in China's 70 major cities rose 1.1 per cent in July from a month earlier, according to Reuters calculations based on an official survey on Wednesday, the fastest pace since October 2016 and up from the previous month's reading of 1 per cent. Outside the recent boom periods of 2016 and early 2013, monthly price gains of more ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, August 15 2018. 11:15 IST
RECOMMENDED FOR YOU