China Average Home Prices in Nov up 0.4% From October


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.



Related Posts

MGM Resorts International (NYSE:MGM) Director Purchases $562500.00 in Stock
Currently, 565.28 million total shares are owned by the public and among those 526.68 million shares have been available to trade. Nomura maintained Las Vegas Sands Corp. (NYSE:MET) has "Outperform" rating given on Thursday, January 14 by Macquarie Research.

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 outage leads to ground stop for flights into Atlanta airport
Southwest Airlines announced they cancelled all remaining flights Sunday in and out of Atlanta due to the outage. American Airlines cancelled 24 departures and an equal number of arrivals, said spokesman Ross Feinstein.

The Senate's Russian Federation investigation is now looking at Jill Stein, too
In the same interview with CNN , Stein dismissed any concerned about Russian election meddling, saying, "This is routine..." The Senate is reportedly probing former presidential candidate Jill Stein for possible collusion with Russian Federation .

Owens & Minor Incorporated (NYSE:OMI) Can't Be More Risky. Short Interest Increased
Currently Owens & Minor (NYSE:OMI)'s shares owned by insiders are 0.6%, whereas shares owned by institutional owners are 0%. Kennedy Mgmt reported 66,776 shares stake. (NASDAQ:GSVC). 749,452 are owned by Emerald Advisers Incorporated Pa.

Bristol City vs Manchester United: Potential XI with Zlatan Ibrahimovic
But in the second half we were a lot better and had a lot more conviction to our play - that was the problem", he added. Ashton Gate will host the quarter-final tie of the Carabao Cup , a competition Manchester United won last season.

Are Analysts Bearish Coherent, Inc
Several research analysts have recently commented on COHR shares. (NASDAQ:RTRX). 151,670 were accumulated by Century Companies. Finally, Benchmark Co. reaffirmed a "buy" rating on shares of Coherent in a research report on Wednesday, May 10th.

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.

John Terry makes prediction about Antonio Conte's future at Chelsea
You'd have to think that side, and the Chelsea team the season after, would be able to go toe-to-toe with any English side in history.

Schatz: Republicans need to stand up to Trump over CDC word ban
When the analysts learned of the ban, their reaction was "incredulous", the longtime CDC analyst said . Health leaders have expressed concern over the list.

© 2015 ExpressNewsline. All Rights reserved.