A private survey shows that new home prices in China rose at a faster pace in November, with an average increase of 0.36% across 100 cities. This follows a series of supportive policies aimed at boosting the property market.
Prices of new homes in China have risen at a faster pace in November, according to a private survey released by property researcher China Index Academy. The average price across 100 cities increased by 0.36% compared to the previous month's 0.29%. Official data for home prices is expected to be released by China 's statistics bureau on Dec. 16.
A series of recent policies aimed at boosting the property market have shown some positive signs, although the sustainability of these improvements is uncertain. Despite these measures, home prices are still expected to fall until corporate earnings improve and employment strengthens
China New Home Prices Property Market Economic Activity Supportive Policies Home Buying
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