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CHINA HOUSING: New and Used House Prices Falls Moderating. 

CHINA HOUSING
EM BulletBulletAPACEmerging Market NewsChina
  • China’s New homes sales fall in 49 of 70 cities and rise in 17 cities in November, with overall prices declining -0.20%.
  • Whilst still moderating, the pace of decline is slowing following a fall of -0.51% MoM in the month prior.
  • The YoY decline for new properties was -6.07% for November.
  • Used home prices declined -0.35% MoM following -0.48% in October with used home prices rising in 10 cities within the survey.
  • All price rises were MoM, with no price rises YoY.
  • Shanghai and Beijing lead the way in terms of house prices gains for the month.
  • Whilst it remains early days, the presence of some price rises will be encouraging to authorities who have announced a multitude of stimulus measures since late September. 
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  • China’s New homes sales fall in 49 of 70 cities and rise in 17 cities in November, with overall prices declining -0.20%.
  • Whilst still moderating, the pace of decline is slowing following a fall of -0.51% MoM in the month prior.
  • The YoY decline for new properties was -6.07% for November.
  • Used home prices declined -0.35% MoM following -0.48% in October with used home prices rising in 10 cities within the survey.
  • All price rises were MoM, with no price rises YoY.
  • Shanghai and Beijing lead the way in terms of house prices gains for the month.
  • Whilst it remains early days, the presence of some price rises will be encouraging to authorities who have announced a multitude of stimulus measures since late September.