GREY:NEVDQ - Post by User
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Investoraceon May 18, 2016 10:10am
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Post# 24884427
Krud loves pure facts!!China Newly Built House Prices
Krud loves pure facts!!China Newly Built House Prices
Average prices of new homes in 70 Chinese cities increased by 6.2 percent year-on-year in April of 2016 from 4.9 percent in March. It is the seventh straight month of gain and the fastest rise since April 2014. In Beijing, prices rose 18.3 percent and in Shanghai went up 28.0 percent. Gains also spread to regional cities. On a monthly basis, new home prices rose 1.2 percent, as compared to a 1.1 percent rise in the preceding month. Housing Index in China averaged 2.14 percent from 2011 until 2015, reaching an all time high of 9.90 percent in November of 2013 and a record low of -6.10 percent in March of 2015. Housing Index in China is reported by the National Bureau of Statistics of China.