Property News · December 15, 2020

China’s average home price rises for 33rd month, defying bank regulator’s warning of ‘grey rhino’ spillover risks


China’s residential property market rose for the 33rd straight month in November, prompting the government to continue its drumbeat of market-cooling measures to stave off the kind of risk that led to the 2008 subprime lending crisis in the United States.November’s average home price across 70 cities rose 4 per cent from a year ago, even if the growth pace was the slowest in six months, according to data by the National Bureau of Statistics. The average price rose 4.3 per cent in October from a…

Source : South China Morning Post
Read more…China’s average home price rises for 33rd month, defying bank regulator’s warning of ‘grey rhino’ spillover risks