China Average Home Prices in Nov up 0.4% From October

Share

The divergence reflects government efforts to stymie speculation in China's largest property markets through the introduction of restrictions on lending, buying and selling houses that were gradually rolled out from late 2016.

China's property market held broadly steady in November with home prices edging down in major cities amid tough purchase restrictions and a tight liquidity environment, the National Bureau of Statistics (NBS) said Monday.

On a monthly basis, house prices climbed 50 cities out of 70 surveyed by the government.

In contrast, the property market in second- and third-tier cities is showing signs of picking up, with new residential housing prices gaining 0.5 percent and 0.4 percent, respectively, from October.

Central bank data last week showed household loans, mostly mortgages, rose to 620.5 billion yuan in November from 450.1 billion yuan in October, according to Reuters calculations.

Home prices in China in November grew slightly faster from the month before on the back of gains in smaller cities.

During the same period, prices rose the fastest in Urumqi, up 1.9%. Among the first tier, Beijing and Shanghai were flat, while Guangzhou saw a 0.1% drop and Shenzhen fell 0.2%, as Dow Jones reported. Prices of new homes increased in 59 of 70 cities in November from a year earlier, compared with 60 in October. They rose 0.5 per cent from a 0.3 per cent rise in October, NBS said.

In comparison, prices in tier-two and three cities continued to outperform, lifting by 0.5% and 0.4% respectively, up from 0.3% apiece in October.

Share

Advertisement

Related Posts

Pentagon Program Spent Millions Investigating UFOs
The shock revelation has finally disclosed the true aim of the mysterious Advanced Aerospace Threat Identification Program. Program officials also examined video of encounters between unknown objects and U.S. military aircraft.

Hormel Foods Corp (NYSE:HRL) Director Sells $550400.00 in Stock
About 2.61M shares traded or 1.52% up from the average. (NASDAQ:HCKT) has risen 3.66% since December 18, 2016 and is uptrending. Hormel Foods Corporation has a beta of 1.03, offering the possibility of a higher rate of return, but also posing more risk.

Jurgen Klopp critical of Liverpool consistency after thrashing Bournemouth
The opening goal came for Klopp's men after 20 minutes as Robertson linked with Coutinho for the Brazil worldwide to score. Their shape without the ball could have been much better, too, with the Reds afforded excessive space between the lines.

Visa INC (V) Position Has Increased by Hengistbury Investment Partners Llp
After $1.19 actual EPS reported by IQVIA Holdings Inc. for the previous quarter, Wall Street now forecasts 13.45% EPS growth. Since August 17, 2017, it had 0 buys, and 2 sales for $1.78 million activity. (NYSE:V) shares were sold by CRANSTON MARY B .

Power restored to ATL airport; outage continues to affect flights
As travelers waited for more information about the outage, strobe lights flashed in certain parts of the airport. Passengers stuck on the train that moves passengers between terminals were rescued by firefighters.

Trump to declare China as a 'strategic competitor' to the US
Gaughan, the police official, called Choi's arrest a sign of Australia's commitment to upholding global sanctions on North Korea . The man, Chan Han Choi, 59, was arrested Saturday in the Sydney suburb of Eastwood, where he lives.

Bigg Boss Season 11: All participant of the Bigg Boss got punished
Luv talked about taking his revenge from Hina and Priyank but later he even cleared that he would have nominated them. This week's nomination task turned out to be unexpected as housemates were caught planning the nominations.

Kaufman Adaptive Moving Average Trending Up for S&P Bank ETF SPDR (KBE)
When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. Active traders have a wide variety of technical indicators at their disposal for completing technical stock analysis.

Reddit for iOS gains new mod tools, theater mode, chat, more
Users and moderators can now add "post flair" on both iOS and Android - a tool to distinguish different types of content. That's about it for the Android-side of things, unfortunately, as the update seems to focus more on the iOS experience.

Parker, Aldridge lead Spurs past Clippers in Kawhi Leonard's home debut
Clippers: Host Phoenix on Wednesday night for the first time since beating the Suns by 42 points on October 20. The two have played limited minutes since they returned, Parker on November 27 and Leonard on December 12.

© 2015 ExpressNewsline. All Rights reserved.