China home price growth accelerates as credit growth picks up: Bloomberg

Despite the imposition of a wider property restrictive measures and a slightly weaker housing demand last month, Bloomberg reported an accelerated price growth in the month of August, as many buyers enter the market for fear of a looming price increments in the months ahead as economy recovers from this pandemic. Brand new housing prices increase by 0.56% in 70 major cities for the month of August, up from 0.47% increase in July.


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