Hous­ing sta­bi­lizes as steps curb spec­u­la­tion

China Daily (Canada) - - NEWS CAPSULE -

The over­heated res­i­den­tial prop­erty mar­kets in 15 key cities in China “ob­vi­ously cooled down” in Novem­ber, said a re­search re­port from the Na­tional Bureau of Statis­tics on Mon­day, based on hous­ing price data from 70 mon­i­tored cities.

Prices of newly-built prop­er­ties went down in four cities, and prices of pre-owned prop­er­ties de­clined in seven, show­ing that mea­sures by var­i­ous cities to use steps ap­pro­pri­ate to lo­cal con­di­tions to curb too fast grow­ing hous­ing prices have been ef­fec­tive, and hous­ing prices are sta­bi­liz­ing, said Liu Jian­wei, se­nior statis­ti­cian with NBS.

In key cities, hous­ing prices re­main ba­si­cally the same as last year, said Liu.

The av­er­age price of newly­built res­i­den­tial prop­er­ties went up 0.1 per­cent month-on-month in first-tier cities, while the price of pre-owned prop­er­ties re­mained the same.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.