China May new home prices growth fastest in five months

China May new home prices growth fastest in five months BEIJING (Reuters) – New home prices in China rose at their fastest pace in five months in May, complicating government efforts to keep frothy housing markets under control as it rolls out more.

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Residential buildings in Tongzhou District on May 31, 2017 in Beijing, China.Zhang Peng | LightRocket | Getty ImagesNew home prices in China rose at their fastest pace in five months in May, complicat

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China’s new home prices accelerated to their fastest pace in almost two years in June, with buyer demand in bigger cities resilient in the face of fresh curbs against speculation, a sign more.

BEIJING, June 18 (Reuters) – New home prices in China rose at their fastest pace in five months in May, complicating government efforts to keep frothy housing markets under control as it rolls out.

Growth in China’s new home prices cooled in June as sales shrank for a second month, but building starts and investment quickened, providing a cushion for the slowing economy while Beijing claims.

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Average new home price up 0.6 per cent in June compared to the 0.71 per cent increase in May. Bull run in China’s home prices continues for 50 straight months in June, but growth slows as curbs.

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Average new home prices in China’s 70 major cities rose 0.7 per cent in May from the previous month, picking up from a 0.6 per cent rise in April and the quickest pace since December, according to Reuters calculations based on National Bureau of Statistics (NBS) data on Tuesday.

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China’s new home prices accelerated to their fastest pace in almost two years in June, with buyer demand in bigger cities resilient in the face of fresh curbs against speculation, a sign more restrictions may be needed. Average new home prices in China’s 70 major cities rose 1 percent in June

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