China’s home prices remain stable in June

2019年07月16日 14:52:49 | 来源:ourjiangsu.com

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Home prices in 70 major Chinese cities continued to stabilize with slower month-on-month price increases in June, official data showed on Monday.

The four cities in Jiangsu listed under the national monitoring scheme saw slight increase in new home prices in June.


New home prices in Nanjing increased 0.1% in June from the same period of last year, reaching a six-month high and a 0.7% decrease from the previous month. New home prices in Wuxi, Yangzhou and Xuzhou increased 0.9%, 0.9% and 1.0% in June from a year ago.

In terms of second home prices, Yangzhou, Xuzhou, Wuxi and Nanjing all reported slight increase in March.

Nanjing’s second-hand home prices rose 2.2% from the same period of last year, 0.3 percentage points higher from the previous month.

China’s home prices stayed largely stable during the first half of the year, according to a report from the China Index Academy.

Average home prices in 100 cities monitored by the academy rose 1.45 percent in the first six months, slowing from 2.64 percent a year ago.

Average monthly sales in first-tier cities jumped 38.5 percent year-on-year to 570,000 square meters. Second-tier and third-tier cities saw their monthly sales fall 1.4 percent and 12 percent, respectively, to 750,000 square meters and 300,000 square meters.

As for newly-built homes, prices rose 0.29 percent in first-tier cities. Second-tier cities saw prices up 2.3 percent, compared with a 4.22-percent growth seen the same period last year. Third- and fourth-tier cities grew 2.28 percent, slowing from 4.75 percent a year earlier.


The secondhand home market remained stable during the first few months of the year but has recently shown signs of recovery. Top 10 cities reported a marginal 0.01 percent dip in used home prices in the first half.

China has demonstrated strong commitment to restraining excessive growth in housing prices, stressing that “housing is for living in, not for speculation”.

Many cities have introduced or strengthened measures to lower demand, including restrictions on who can buy second or third homes and increases in the minimum down payment required for mortgages.

(Source:ourjiangsu.com)

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