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In Beijing, in June, home property prices went down for the first time for more than two years, while Shanghai further dipped and Shenzhen stood still, pointing to considerable cooling in China's number one real estate markets, as official data unveiled.
Nationwide, home price surge decreased moderately in June because government efforts to keep prices in check put pressure on larger cities, although smaller cities managed to maintain rapid surge.
Folks in the industry expect home price surge in China's key cities to stay on a moderately slowing trend for the next 12 months.
Average new home prices in China's 70 key cities tacked on 10.2% in June from last year, decelerating from May's 10.4% profit, according to Reuters calculations built around an official survey issued on Tuesday.
New home prices inched up 0.7% in June on a monthly basis, which is the same outcome as last month's reading. That’s what Reuters calculations built around data published by the National Bureau of Statistics revealed.
In 2019, China's massive property market is anticipated to speed down further, with smaller price leaps as well as diving home sales contributing to pressure on the world's number two economy, according to a Reuters survey…
In the third quarter, the Japanese economy shrank the most for more than four years due to the fact that Japanese companies reduced spending, thus threatening to affect the investment outlook next year because the export-reliant Asian country grapples…
Theresa May will present the Brexit deal to the Parliament on Tuesday. This event will probably shake the British pound. What are the other market movers for this week? Read and find out!
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
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…
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