New home prices rise in almost all Chinese cities as lower mortgage rates, lighter restrictions spur demand

//New home prices rise in almost all Chinese cities as lower mortgage rates, lighter restrictions spur demand

New home prices rise in almost all Chinese cities as lower mortgage rates, lighter restrictions spur demand

New home prices rose in almost all of the 70 Chinese cities monitored by the government in April, as upbeat sentiment extended its reach.The average cost of a new house increased by 0.62 per cent, about the same as the rise in March and higher than the 0.53 per cent gain in February, according to a Bloomberg calculations based on National Bureau of Statistics data released on Thursday morning.Prices climbed in 67 out of the 70 cities tracked by the bureau, a jump from 65 and 57 cities in March…

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By | 2019-05-16T02:54:59+00:00 May 16th, 2019|Headlines|Comments Off on New home prices rise in almost all Chinese cities as lower mortgage rates, lighter restrictions spur demand