Surge after government support steps and expectations of further relaxation in policy on buying
04 February 2024 - 15:20
byReuters
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
A man pulls a cart past residential buildings at an Evergrande residential complex in Beijing, China. Picture: REUTERS
Beijing — China’s new home prices rose in January at the fastest monthly pace in nearly two-and-a-half years.
This came after a slew of government support measures and expectations of further relaxation in home-buying policies, according to a survey report released on Thursday.
Average prices in 100 cities rose for a fifth month running. January’s month-on-month gain of 0.15% came after December’s 0.1% increase, according to Chinese real estate research firm China Index Academy. It was the fastest rise since a 0.2% gain in August 2021.
China’s official new home prices data for January, based on 70 cities, is due to be released on February 23.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Sharp rise in China’s new homes prices
Surge after government support steps and expectations of further relaxation in policy on buying
Beijing — China’s new home prices rose in January at the fastest monthly pace in nearly two-and-a-half years.
This came after a slew of government support measures and expectations of further relaxation in home-buying policies, according to a survey report released on Thursday.
Average prices in 100 cities rose for a fifth month running. January’s month-on-month gain of 0.15% came after December’s 0.1% increase, according to Chinese real estate research firm China Index Academy. It was the fastest rise since a 0.2% gain in August 2021.
China’s official new home prices data for January, based on 70 cities, is due to be released on February 23.
Reuters
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Related Articles
Germany’s property sector not in good shape
Fix China’s property sector to lure foreign investors
Chinese property developers delay debt restructuring until after Communist ...
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.