Home prices in­crease, sig­nal­ing re­cov­ery in de­mand

China Daily (Canada) - - NEWS CAPSULE -

Home prices in 100 of the big­gest cities in China climbed 0.6 per­cent month-on-month on av­er­age in Jan­uary, sig­nal­ing a re­cov­ery in de­mand, ac­cord­ing to the find­ings of a sur­vey re­leased by the China Real Es­tate In­dex Sys­tem.

The av­er­age price of a new prop­erty was recorded at 11,092 yuan ($1,690) per square me­ter, up 5.25 per­cent year-on-year, with 61 cities record­ing month-on-month growth in prices.

An­a­lysts said re­cent govern­ment poli­cies have helped in man­ag­ing di­verse risks in first­tier cities where the mar­ket tended to get over­heated.

In se­cond- and lower-tier cities, re­cent moves to re­lax mort­gage down- pay­ment re­quire­ments have helped boost sales of first and even se­cond homes.

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