That +7.3% is a Reuters calculation, I'll get the rest of the data up ASAP
Note that June new home prices rise m/m in fewer cities vs May
- Higher in 55 cities in June (was 60 in May)
More (via Bloomberg):
For new home prices ex-affordable
- China June new home prices ex affordable down in 10 cities m/m
- China June new home prices ex affordable up in 57 cities y/y
- China June new home prices ex affordable up in 55 cities m/m
- China June new home prices ex affordable down in 12 cities y/y
- Shanghai June new home prices ex-affordable rise 33.7% y/y (and +2.4% m/m)
- Beijing June new home prices ex-affordable rise 22.3% y/y (and +2.3% m/m)
For existing home prices:
- Shanghai June existing home prices rise 2.2% m/m
- Beijing June existing home prices rise 1.4% m/m
New home prices:
- Beijing June new home prices +20.3% y/y (rise 2.1% m/m)
- Shanghai June new home prices rise +27.7% y/y (up 2.0% m/m)
-
Apart from the Shanghai and Beijing numbers ... two other cities:
- Shenzen home prices up 47.7% y/y
- Xiamen up 34% y/y
The big, big price rises continue to fuel concerns the market is becoming overheated (and to be fair to the people who say its not becoming overheated such concerns have been in place for about two decades now, and counting). Credit growth has been strong in China, it does seem much of it making its way into property.
