China new home price growth slows in July as measures to rein in red-hot property market pay off

//China new home price growth slows in July as measures to rein in red-hot property market pay off

China new home price growth slows in July as measures to rein in red-hot property market pay off

China’s growth in new home prices slowed in July for the first time in five months, with smaller cities especially weighed down by higher mortgage rates, price caps on resale homes and other steps to cool speculation, a private-sector survey showed on Sunday.New home prices in 100 cities rose 0.35 per cent in July from a month earlier, versus 0.36 per cent growth in June, according to data from China Index Academy, one of the country’s largest independent real estate research firms.This year…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2021-08-01T06:34:57+00:00 August 1st, 2021|Business|Comments Off on China new home price growth slows in July as measures to rein in red-hot property market pay off