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China-Home Prices/January
FILE: Guangzhou City, Guangdong Province, south China - Aug 4, 2018 (CCTV - No access Chinese mainland)
1. Various of residential buildings
FILE: China - Exact Location, Date Unknown (CCTV - No access Chinese mainland)
2. Various of residential buildings
FILE: Beijing, China – Exact Date Unknown (CCTV - No access Chinese mainland)
3. Various of area around Jianwai SOHO
FILE: China - Exact Location, Date Unknown (CCTV - No access Chinese mainland)
4. Various of residential buildings
Residential housing prices in Chinese cities increased at a slower pace in January and are expected to remain stable, according to data released by China Index Academy, a property research institution, on Friday.
The average price of new homes in the Top Four cities of Beijing, Shanghai, Guangzhou and Shenzhen rose 0.4 percent month-on-month in January, with the increment down 0.9 percentage points from December 2018, according to a survey conducted by the institution.
Meanwhile, new home property prices in 31 second-tier cities climbed 0.7 percent in January after increasing by the same margin in December 2018.
Second-hand homes in the country saw an average price drop of 0.1 percent month-on-month.
The institution said that regulators are expected to remain focused on market stability in the future, predicting residential housing prices to continue to stabilize.
China's real estate sector has been expanding at a slower pace in recent years due to government control measures. Property sales in value gained 12.2 percent in 2018, down 1.5 percentage points from the previous year.
China-Home Prices/January
Dateline : File
Location : China
Duration : 1'12
FILE: Guangzhou City, Guangdong Province, south China - Aug 4, 2018 (CCTV - No access Chinese mainland)
1. Various of residential buildings
FILE: China - Exact Location, Date Unknown (CCTV - No access Chinese mainland)
2. Various of residential buildings
FILE: Beijing, China – Exact Date Unknown (CCTV - No access Chinese mainland)
3. Various of area around Jianwai SOHO
FILE: China - Exact Location, Date Unknown (CCTV - No access Chinese mainland)
4. Various of residential buildings
Residential housing prices in Chinese cities increased at a slower pace in January and are expected to remain stable, according to data released by China Index Academy, a property research institution, on Friday.
The average price of new homes in the Top Four cities of Beijing, Shanghai, Guangzhou and Shenzhen rose 0.4 percent month-on-month in January, with the increment down 0.9 percentage points from December 2018, according to a survey conducted by the institution.
Meanwhile, new home property prices in 31 second-tier cities climbed 0.7 percent in January after increasing by the same margin in December 2018.
Second-hand homes in the country saw an average price drop of 0.1 percent month-on-month.
The institution said that regulators are expected to remain focused on market stability in the future, predicting residential housing prices to continue to stabilize.
China's real estate sector has been expanding at a slower pace in recent years due to government control measures. Property sales in value gained 12.2 percent in 2018, down 1.5 percentage points from the previous year.
ID : 8103855
Published : 2019-02-22 14:35
Last Modified : 2019-02-23 18:28:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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