Prices for new housing in China increased by 1% in September

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In the 70 largest cities in China, the rise in prices for new housing in September slowed to 1% compared with a rise of 1.5% in August, data from the National Bureau of Statistics showed. Growth in housing prices has been fixed for 41 months. In September, 64 of the 70 largest Chinese cities showed price increases. Compared with September last year, prices for new buildings increased by 9%. The rise in prices in the secondary housing market was 9% compared to the previous month and 6.9% in annual terms. Compared with August, prices in Beijing remained unchanged in September. In Shanghai, new buildings fell by 0.1%, in Shenzhen – by 0.2%. The rise in prices by 0.4% was recorded in Guangzhou.

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