China’s new home prices up 0.5 percent m/m in Feb, slowing from January By Reuters

© Reuters. FILE PHOTO: Property buildings are seen against the dawn sky in Beijing

BEIJING (Reuters) – China’s new home prices in February rose 0.5 percent from a month earlier, slowing slightly from 0.6 percent growth in January, Reuters calculated from National Bureau of Statistics (NBS) data published on Friday.

On a yearly basis, average new home prices in China’s 70 major cities increased 10.4 percent, up from the 10.0 percent gain a month earlier.

There have been signs that some smaller Chinese cities are loosening restrictions on buyers, as authorities worry the cooling property market may hurt an already softening economy. But policymakers have vowed to ensure the stability of the property market to avoid big price rises and falls.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published. Required fields are marked *