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

British retailers benefit from bumper Black Friday sales

In November, UK shoppers derived benefits from electrical goods as well as other Black Friday bargains, providing a suddenly big boost to retail sales that contrasted with earlier indications of a subdued start to Christmas spending…

China lifts market rates to tame financial risks

On Thursday, China's major bank had money market rates lifted because the government sought to diminish financial risks without affecting the national economy, as activity was still broadly firm…

ECB Meeting & Press Conference

Meetings of the European Central Bank tend to have a great impact on the euro. The regulator will announce its rate decision at 14:45 MT time on December 14. 

Popular

promotions you can be interested in

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

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