Mar
17
China February Home Prices Rise as Major Cities Power Ahead
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A residential high rise building complex in Shanghai. China’s efforts to clear a home glut are bearing fruit. Investment in real estate development reversed a two-year downward streak in the first two months.
Photographer: Johannes Eisele/AFP via Getty Images
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Prices climbed in 47 cities in February, 38 in prior month
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Real estate investments picked up following strong sales
The recovery in China’s property market accelerated, with prices rising in the most cities since March 2014, led by gains in major hubs after banks eased credit and the government loosed curbs.
New-home prices gained in 47 cities in February, compared with 38 in January, the National Bureau of Statistics said Friday. They dropped in 15 cities, compared with 24 in the prior month, and were unchanged in eight cities…
China February Home Prices Rise as Major Cities Power Ahead
