China's home prices recorded their first year-on-year increase in nine months in December, an independent survey showed Friday, but it said a huge rebound nationally was unlikely.
The cost of a new home in 100 major cities averaged 9,715 yuan ($1,560) per square metre last month, up a marginal 0.03 percent from December 2011, the China Index Academy (CIA) said.
Prices rose 0.23 percent from November, the seventh consecutive monthly rise, it said in a statement.
Via - Yahoo Finance
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.