Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China's new home prices slightly up in May

June 06, 2022


Abstract : Home prices in 100 Chinese cities saw a slight increase last month, an industry report showed.

Photo taken on March 15, 2021 shows a residential compound along the bank of Jin'an River in Fuzhou, southeast China's Fujian Province.  (Xinhua/Wei Peiquan)

BEIJING, June 4 (Xinhua) -- Home prices in 100 Chinese cities saw a slight increase last month, an industry report showed.

Among the 100 surveyed cities, average new home prices edged up 0.03 percent from April to 16,198 yuan (about 2,414 U.S. dollars) per square meter in May, according to the China Index Academy, a property research institution.

Average new home prices of the cities increased 1.2 percent year on year.

A total of 40 cities logged month-on-month increases in new home prices in May, while 45 cities saw home prices decrease.

The institution anticipates consumers' expectations and confidence in the new home market to regain stability in June as the country eases financing for home purchases and rolls out more supportive policies.

China has actively rolled out targeted measures such as relaxing restrictions on purchases or sales, adjusting housing provident fund policies, and lowering mortgage interest rates to shore up the property market and underpin the economy.

Scan the QR code and push it to your mobile phone

Keyword: home prices

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial