Via Reuters calculation: All China July new home prices +9.7 pct y/y (June +10.2 pct)
More:
July Beijing new home prices +8.9 pct y/y (June +10.7 pct)
- Shanghai new home prices +7.3 pct y/y (June +8.6 pct)
- Guangzhou new home prices +16.7 pct y/y (June +17.8 pct)
- Shenzhen new home prices +0.5 pct y/y (June +2.7 pct)
All China July new home prices +0.4 pct m/m (vs +0.7 pct prev month) - Reuters calculation
- Beijing new home prices -0.1 pct m/m (vs -0.4 pct prev month )
- Shanghai new home prices unchanged m/m (vs -0.2 pct prev month)
- Shenzhen new home prices -0.2 pct m/m (vs unchanged prev month)
New home prices rose m/m in 56 cities in July (was 60 in June) & rose in 70 cities y/y (70 in June)
The y/y home price growth is the slowest since August of 2016
For existing houses:
- Beijing -0.8% m/m & +13.1% y/y
- Shanghai -0.4% m/m & +7.4% y/y
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Looks like there is more work to do to calm house price growth in China?