Property News · August 15, 2019

China’s July home prices cool, as escalating trade war and slowest economic growth in decades send shivers through property market


China’s frenzied housing market has cooled, as a government effort to cap prices is biting, while the impact of the year-long US-China trade war has percolated into the economy and caused the domestic output to grow at the slowest quarterly pace in three decades.The average cost of a new home rose by 0.59 per cent in July, marking the slowest increment in five months, while increases were recorded in only 61 of 70 cities being monitored. June’s growth was 0.66 per cent while prices grew 0.71…

Source : South China Morning Post
Read more…China’s July home prices cool, as escalating trade war and slowest economic growth in decades send shivers through property market

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