China: Growth in house prices moderates to five-month low in October
November 18, 2015
House prices in 70 large- and medium-sized cities rose 0.2% in October over the previous month, according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS). The print was slightly below the 0.3% increase tallied in the previous two months and represented a five-month low. According to the NBS, the sales prices of newly-constructed residential buildings declined in 33 cities, increased in 27 cities and remained flat in 10 cities.
On an annual basis, house prices rose 0.1% in October. The print contrasted the 0.9% drop tallied in September and thereby marked a 14-month high. As a result of the continued upward trend in prices that has been observed since May, annual average variation in house prices in October rose from minus 4.3% in September to minus 4.0%.