China's home price surge stabilizes in September

China's home price surge stabilizes in September

In September, China's new home prices demonstrated a second straight month of poor surge, with prices in the biggest markets going down and revenues in smaller cities tumbling because government measures to tame a long property boom took hold.

China's housing market has faced a near two-year tear, thus giving the national economy a key boost, although driving fears of a property bubble even as the Chinese government works to reduce risks from a fast build-up in debt.

While monthly price leaps peaked in September last year at about 2.1% across the country, they have softened just begrudgingly since that time, regaining momentum because buyers managed to shrug off every new wave of government measures to tame speculation.

Market experts tell that more tightening could still be applied to lower-tier cities with fast price ascends because critics argue that China's ever-soaring administrative control over its property market has already reaffirmed traders’ views that prices are going to stand still.

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera