Home/FX/Newsfeed

China Housing Cools Down in January

Share Print 0

China home prices have suggested a potential cooling-off in the housing sector at the start of this year.

Average new home prices in China’s 70 major cities rose 9.6% in January from one year ago, easing from December’s 9.9% increase.

This is the first slowdown in the rate of price increases in 14 months, since November 2012.

Home prices in top-tier cities Beijing and Shanghai also rose in January, but at a slower rate from December.

Property purchases remain a popular investment choice in China, and that kept prices rising in 2013.

But the momentum slowed down late last year, after the People’s Bank of China, the central bank, progressively tightened monetary conditions to rein in excessive lending growth.

via BBC

Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

,
Back to Top