More on China's February house prices - up at slowest pace in 10 months

Author: Eamonn Sheridan | Category: News

The headline result was a slower rise for m/m house prices in February  than in January:

This is the slowest pace in 10 months for growth in new home prices.
The background to the slower rise is a cooling economy (exports suffering due to trade wars, domestic demand weaker also), and curbs on speculative investment

More from the data (via Reuters):)
  • Average new home prices in China's 70 major cities +0.5 percent in February
  • the 46th straight month of price increases
  • 57 of the 70 cities surveyed by the NBS reported monthly price increases (58 in January)
And, on responses:
  • Policymakers appear keen to avoid dealing a sharp knock to the real estate market as it directly influences 40 other business sectors in China and is key to tempering the economic slowdown
  • Over recent months some smaller cities have quietly loosened curbs to prop up sentiment and demand

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