Property News · June 19, 2017

China’s home price growth slower in May as buying restrictions bite


Home price growth in China cooled in May as tougher market restrictions introduced by local governments continued to bite.
New home prices rose on a monthly basis in 56 of 70 cities tracked by the government, compared with 58 in April, the National Bureau of Statistics said on Monday.
There were prices gains in six of the 15 first- and second-tier cities closely monitored by the NBS, unchanged from April.
Shenzhen led the declines with a 0.6 per cent contraction in May compared with April,…

Source : South China Morning Post
Read more…China’s home price growth slower in May as buying restrictions bite

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