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Economy

China's housing prices see slower month-on-month growth in July

August 14, 2020


Abstract : China's housing market remained generally stable in July, with slower month-on-month growth in home prices in major cities, official data showed Friday.

BEIJING, Aug. 14 (Xinhua) -- China's housing market remained generally stable in July, with slower month-on-month growth in home prices in major cities, official data showed Friday.

New home prices in four first-tier cities -- Beijing, Shanghai, Guangzhou and Shenzhen -- rose by 0.5 percent month on month in July, down 0.1 percentage points from a month earlier, according to data from the National Bureau of Statistics.

On a monthly basis, new home prices edged up 0.5 percent in 31 second-tier cities, and rose 0.8 percent in 35 third-tier cities. Enditem

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Keyword: property housing market

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