China August property prices
- Beijing new home prices +3.0 pct y/y (July +1.0 pct)
- Shanghai new home prices +5.6 pct y/y (July +3.1 pct)
- All China August new home prices -2.3 pct y/y (July -3.7 pct) - Reuters calculation
Headlines via Reuters
More, via Bloomberg:
- China new home prices rise y/y in 9 cities; 3 in July
- New home prices rise m/m in 35 cities; 31 in July
(Note - total cities is 70, so prices up this month in 35 of the 70)
- Shanghai existing home prices rise 6.9% y/y
- Beijing existing home prices rise 2.0% m/m
- Shanghai existing home prices rise 1.1% m/m
- Shanghai new home prices rise 5.6% y/y
- Shanghai new home prices rise 1.3% m/m
- Beijing new home prices rise 3.0% y/y
- Beijing new home prices rise 1.1% m/m
- China new home prices ex affordable down in 61 cities y/y
- New home prices ex affordable up in 9 cities y/y
- New home prices ex affordable up in 35 cities m/m
- New home prices ex affordable down in 26 cities m/m
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On the face of these figures, it appears property prices are stabilizing somewhat. the pace of the y/y drop is falling
The m/m has gained for 4 months in succession
