Home prices in China rise in December

Market news

18 January 2016

Home prices in China rise in December

China's National Bureau of Statistics (NBS) said on Monday that average new home prices in 70 major cities climbed at an annual rate of 7.7% in December, after a 6.5% gain in November.

The main contributor was Shenzhen, where home prices jumped by 46.8% year-on-year in December.

On a monthly base, house prices increased in 39 of 70 cities, prices slid in 27 cities, while prices remained unchanged in 4 cities.

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