China: House prices continue to rise in July
August 20, 2018
House prices in 70 large- and medium-sized cities rose 1.1% in July in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS). The print was up from June’s 1.0% increase and represented the highest reading since November 2016. According to the NBS, the sale prices of newly constructed residential buildings increased in 65 cities (63 in June).
House prices rose 5.8% annually in July, up from a 5.0% increase in June. Annual average growth in house prices fell to 5.5% in July from 5.8% in June, marking the lowest rate since October 2016.