Prices for new homes in China have continued to recover in January, rising 2.5% year on year - on materials AMarkets.
This is the fourth consecutive increase in a row. The January growth rate at the same time higher than in December (1.6%). This is the highest monthly growth rate since July 2014.
The rate of growth in housing prices in China:
According to the National Bureau of Statistics (NBS), prices in January rose in 25 of the 70 cities in which the Office conducts regular monitoring. The highest growth was recorded in the southern metropolis Shenchzhen.Housing prices in the city increased by 50.9% since the beginning of the year. Just think about this figure! Funny moment - that the stock market experienced Shenchzhenya most active sales in recent times!
In December, prices rose by 46.8% year on year. Such rates - it is much steeper than the rate of growth of house prices in New York, London or Sydney! In Shanghai, China's financial capital prices during the period jumped 17.5%. Beijing - by 10.3%.