Chinese Real Estate market and Housing Prices in August, 2009
Housing prices in China rose 2% in August
News on September 10: According to figures from the National Bureau of Statistics Thursday, the housing prices in 70 China’s large and medium-sized cities rose 2% in August 2009 compared with the same month last year, .
The prices advanced 0.9% from July, when housing prices rose 1.0% from the same month last year. Prices of new houses in August rose 1.5% from the same month last year, and 1.1% from July. The growth rate was 1.2 percentage points higher than that of July.
Housing prices in certain cities, including Ningbo in the east,and Yinchuan and Xining in the northwest, rose more quickly than that of other cities. August prices in the three named cities rose respectively 7.4 percent, 6.8 percent, and 4.9 percent from the same month last year.
In August, prices of second-hand houses in the 70 cities rose 3.6 percent compared with the same month in the previous year, and 0.6% from July.
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