BEIJING, Jan. 16 (Xinhua) -- China's home prices in 70 large and medium-sized cities continued an easing trend in December 2022, although price movements diverged, the National Bureau of Statistics (NBS) said Monday. In December, 55 of the 70 cities saw a month-on-month drop in new h...
Yan said that housing prices would follow a U-shaped trend this year, with declines in the first half and then a rebound. Both prices and transactions are likely to be flat or climb by no more than 5 percent, he said.
"In general, home prices in the 70 monitored cities have continued the declining trend seen since the fourth quarter of last year," said Sheng Guoqing, a senior NBS statistician. On a year-on-year basis, new home prices in first-tier cities rose 4.4 percent in December, down from the 4....
Furthermore, a notable trend in the central and western regions of China has been the simultaneous occurrence of low income, a low household non-housing consumption rate, and high housing wealth. For example, the average housing prices reached RMB 4757 (central) and RMB 4839 (western) per ...
"In general, home prices in the 70 monitored cities have continued the declining trend seen since the fourth quarter of last year," said Sheng Guoqing, a senior NBS statistician. On a year-on-year basis, new home prices in first-tier cities rose 4.4 percent in December, down from the 4....
"The housing price index shows a trend of stabilization and recovery, fully indicating that overall real estate is out of last year's trough," said Yan Yuejin, an analyst at the Shanghai-based E-house China Research and Development Institution. ...
A landmark decision to devalue therenminbitriggered initial capital flights out of Chinese property, but that trend is unlikely to last in the long-term. The People's Bank of China (PBoC) devalued its currency by 1.9 percent against the greenback on August 11, sparking fears of excessive yua...
The econometric model is then used to assess the existence of house price bubbles in those provincial-level divisions in China by comparing their actual price levels with those predicted by the model. If the trend of house price growth during 2002鈥 2014 found in the present study is the ...
Given persistently low real interest rates, lack of alternative investment and mortgage-to-GDP trend, rapid property price growth in China has, and will continue to have, a structural driver.Ashvin AhujaLillian CheungGaofeng HanNathan Porter
Real estate industry is the pillar for national economy and people's livelihood.Whether the national finiance and macro economy can go smoothly concern directly with the situations of real estate.However,the surging house prices in China are damaging the sustainable development of economy: the contra...