China home prices rise 1.4% m-o-m in Aug, highest in two years
[BEIJING] China's new home prices rose 1.4 per cent in August from a month earlier, accelerating from July's increase of 1.1 per cent, Reuters calculated from data published on Saturday by the National Bureau of Statistics (NBS).
That marks the fastest price gain since September 2016, and the 40th straight month of price increases, according to Reuters calculations.
On a yearly basis, average new home prices in China's 70 major cities increased 7 per cent, the fastest since August 2017 and quickening from the 5.8 per cent gain in July.
China's property market has been heating up, despite tighter curbs meant to rein in a real estate boom that has spilled over from its megacities to the hinterland.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Airbnb forecasts weaker Q2 revenue despite robust demand for international travel
US 30-year mortgage rate falls for first time since March
Government probes ‘misleading’ and ‘unrealistic’ resale listings for S$2 million HDB flats
German commercial property prices drop 9.6% in Q1
Swedish home prices swell with buyers expecting rate cuts
Blackstone, Starwood split on commercial property market risks