Property News · July 15, 2019

Bull run in China’s home prices continues for 50 straight months in June, but growth slows as curbs kick in


China’s new home prices rose for 50 months in a row in June, but the pace of growth slowed as a range of cooling measures initiated by the government kicked in.The average cost of a new home increased by 0.6 per cent in June, slowing from 0.71 per cent jump in May and 0.62 per cent in April, according to calculations based on National Bureau of Statistics data released on Monday morning.“The government has launched policies targeting developers one after another, which have cooled down the…

Source : South China Morning Post
Read more…Bull run in China’s home prices continues for 50 straight months in June, but growth slows as curbs kick in