China Home Prices Rise in Fewest Cities in a Year Amid Curbs
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Prices gained in 45 cities in January, versus 46 in December
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Lenders in some cities said to raise first-home mortgage rates
China home prices increased last month in the fewest cities in a year, signaling property curbs to deflate a potential housing bubble are taking effect.
New-home prices, excluding government-subsidized housing, gained last month in 45 of the 70 cities tracked by the government, down from 46 in December, the National Bureau of Statistics said Wednesday. Prices fell in 20 cities and were unchanged in five.
Chinese authorities have expanded curbs on home purchases and tightened restrictions on property lending in an attempt to avoid a housing bubble and reduce financial risks. Some bank branches in Beijing, Guangzhou and Chongqing have raised mortgage rates for first-time buyers, people familiar with the matter said earlier this month…
China Home Prices Rise in Fewest Cities in a Year Amid Curbs
