While house prices continued to rise in China in January, the pace slowed again:
- All China new home prices +0.2% m/m in January (prior +0.3%) - Reuters calculation
- China home prices increased last month in the fewest cities in a year,
- Signaling property curbs to deflate a potential housing bubble are taking effect
- Chinese authorities have expanded curbs on home purchases
- And tightened restrictions on property lending
- In an attempt to avoid a housing bubble and reduce financial risks
- Some bank branches in Beijing, Guangzhou and Chongqing have raised mortgage rates for first-time buyers, people familiar with the matter said earlier this month
Those points are from Bloomberg's recap of the data, more here