China: House prices increase slightly in March
House prices in 70 large- and medium-sized cities increased 0.1% in March in month-on-month terms according to a weighted average index calculated by Refinitiv from data issued by the National Bureau of Statistics (NBS). The print was up from the flat reading in February, which had represented the weakest result since April 2015. According to the NBS, the sale price of newly constructed residential buildings increased in 38 of the 70 cities (21 in February).
House prices increased 5.3% annually in March, below the 5.8% rise in February and the lowest result in 21 months. Annual average growth in house prices fell from 8.6% in February to 8.1% in March.