Housing prices in China tack on in April

Housing prices in China tack on in April

In most China’s cities housing prices managed to grow in April. That’s what the National Bureau of Statistics uncovered.

As a matter of fact, in April, new housing prices in China's 70 largest cities ascended by approximately 0.5%, having jumped by up to 0.4% in March.

In April, the annual house prices inched up by about 4.7%, slowing down after the surge of 4.9% demonstrated in March.

On a monthly basis, house prices rallied in 58 major cities in China out of 70 respondents by the government. Additionally, prices headed south in 10 cities and remained intact in two cities.

The highest rise in house prices was recorded in Haikou and Sanya by about 1.9%, and the sharpest dive was seen in Ankine – by up to 0.3%.

According to analysts, the data definitely indicate a soaring differentiation between urban property markets throughout the country, with a fine-tuning of urban policy in this Asian country.

The figures illustrated here above perfectly illustrate the mentality, which is still prevalent in the Chinese real estate market. That’s what Yang Yujing, research director at the E-house Research and Development Institute in Shanghai told. He added that a great number of Chinese buyers are geared up towards buying in cities, with still lower prices. Another crucial factor is that opportunities are currently limited in large cities.

The soar in prices in second-tier cities in China, which includes most of the key provincial capitals and in the third-tier towns, speeded up in April by up to 0.1 pp. and by 0.2 pp. respectively, as the statistical office informed. However, it didn’t provide real growth rates.

Market experts also point to political and economic events, which attracted new investors to real estate markets far from major cities in China.

 

Similar

CPI Wednesday: the Doomsday for EURUSD and GBPUSD?
CPI Wednesday: the Doomsday for EURUSD and GBPUSD?

Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!

Latest news

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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