Chinese real estate grows up in June

Ninth consecutive month of growth in housing prices in major cities in China, after a losing streak lasted 14 months. The signs of a stabilization in the housing market therefore continued in June, thanks to incentives such as lower taxes, and the requirements in terms of initial deposit. According to information of the Chinese National Statistical Office, the average price of new homes rose last month by 7.3% annually compared to 6.9% registered in May (6.2% in April). Instead it slows from 0.9% to 0.8% sequential growth in house prices.

Overall, the prices of houses have increased monthly in 55 of 70 cities monitored, compared with 60 in May. The increase was recorded in 57 cities against the 50 of May, instead, on an annual basis.