China home prices rise 1.4 percent month-on-month in August, highest in two years

© Reuters. A woman rides past a residential compound in Beijing's Tongzhou district© Reuters. A woman rides past a residential compound in Beijing’s Tongzhou district

BEIJING (Reuters) – China’s new home prices rose 1.4 percent in August from a month earlier, accelerating from July’s increase of 1.1 percent, 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 percent, the fastest since August 2017 and quickening from the 5.8 percent 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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Comments are closed.