china home prices rise for third month in february
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China home prices rise for third month in February

Arab Today, arab today

Arab Today, arab today China home prices rise for third month in February

Beijing - Arabstday

Home prices in China rose year-on-year in February for the third consecutive month, an independent survey showed Friday, citing strong credit growth as a key factor. New home costs in 100 major cities jumped 2.48 percent from a year earlier to an average 9,893 yuan ($1,589) per square metre last month, the China Index Academy said, following rises of 1.2 percent in January and 0.03 percent in December. Prices rose 0.83 percent month-on-month, the ninth consecutive monthly increase, the organisation said in a statement. "The housing ministry's support of demand for housing upgrades since late last year and the evident growth in new bank loans resulted in optimistic sentiment," it said. But it noted a "tightening trend" on property policy, as some cities tightened rules on housing funds that help people buy homes and banks cut back quotas for mortgages. Property costs are a key social issue in China, where millions of would-be buyers have been priced out of the market, fuelling resentment. The central government reiterated its tough stance over the regulation of the sector last month, pledging to strictly implement earlier control measures and expand property taxes. Possible further tightening and fewer launches of new home sales in February due to the Lunar New Year holiday kept prices in some cities from rising too fast, the academy said. The average home price in Beijing stood at 25,290 yuan per square metre in February, up 0.86 percent month-on-month, slowing from a 2.27 percent monthly rise in January. In Shanghai, prices averaged 28,022 yuan per square metre, up 1.33 percent month-on-month, compared with a 2.3 percent gain in January. China has sought to control residential property prices for the past three years, with measures including restrictions on second and third home purchases, higher minimum downpayments, and taxes in some cities on multiple and non-locally-owned homes. New properties are the most important part of China's real estate market and the survey covers prices of both houses and apartments, including flats with prices regulated by the authorities. The academy is owned by SouFun Holdings, China's biggest real estate website operator. Data is collected every month by on-the-spot surveys and through reports by estate agents, property developers and officials. From Times of Oman

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china home prices rise for third month in february china home prices rise for third month in february

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china home prices rise for third month in february china home prices rise for third month in february

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday