China's home price growth moderates in June
Xinhua, July 18, 2016 Adjust font size:
China's property sector continued to recover but at a slower pace in June, with fewer cities reporting month-on-month rises in new home prices, an official survey showed Monday.
Of 70 large and medium-sized cities surveyed in June, 55 saw new home prices climbing month on month, down from 60 in the previous month, the National Bureau of Statistics (NBS) said.
Meanwhile, 10 cities reported month-on-month price declines, up from four in May, according to the NBS data.
On a yearly basis, 57 cities posted new-home price increases and 12 reported falls in June, compared with 50 and 18 in May. Endi