Property News · March 19, 2018

China’s housing boom shows signs of cooling, as new home prices rise in only 44 of 70 cities tracked


China’s property market showed signs of cooling in February, as fewer cities reported price gains for the month compared to January, according to the latest official figures.
The slowdown was most pronounced in first and second-tier cities, while third-tier cities carried the bulk of the price gains, Liu Jianwei, senior statistician at the National Bureau of Statistics, said in a statement on Monday.
New home prices rose in 44 of 70 cities tracked in February, compared with 52 that…

Source : South China Morning Post
Read more…China’s housing boom shows signs of cooling, as new home prices rise in only 44 of 70 cities tracked