Growth in home prices in China’s bigger cities may push up costs countrywide, think tank says

//Growth in home prices in China’s bigger cities may push up costs countrywide, think tank says

Growth in home prices in China’s bigger cities may push up costs countrywide, think tank says

Growth in home prices in China’s bigger cities is expected to outperform the national average in 2019, the Chinese Academy of Social Sciences, a top government think tank, said in report released on Thursday.A relatively short supply of new homes will exert an upwards pressure on national home prices, which the think tank said could add 7.6 per cent to 9,206 yuan (US$1,350) per square metre. However, sales by floor space could decline 0.84 per cent, from a historical high in 2018, according to…

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By | 2019-05-23T07:54:53+00:00 May 23rd, 2019|Business|Comments Off on Growth in home prices in China’s bigger cities may push up costs countrywide, think tank says