January 17, 2025 01:43 GMT
CHINA: House Price Trends Continue to Improve.
CHINA
- Further signs that the impact of the various stimulus measures are flowing through to the property sector were evidenced in the December New and Used House price data released today.
- China New Home Prices MoM -0.084% vs prior -0.201%
- China Used Home Prices MoM -0.314% vs prior -0.347%
- For both new and used prices, this is the fourth consecutive month of improvement with new home price declines the least since June 2023.
- New home prices rose in 23 cities Mom vs 17 in November.
- New home prices rise in 2 cities y/y vs 3 in November.
- Used home prices rise in 9 cities m/m vs 10 in November.
- None of the 70 cities contained in the survey saw a rise in used home prices from a year ago.
- Beijing new home prices -0.1% MoM; -5.4% y/y.
- Shanghai new home prices +0.5% MoM; +5.3% y/y.
- Beijing existing home prices +0.5% m/m; -4.5% y/y
- Shanghai existing home prices +0.9% m/m; -3.4% y/y.
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