Chinese Housing Prices Slow Down in February

The pace of growth in China property prices slowed further in February, according to Reuters’ calculations based on official data released Tuesday.
New home prices rose 8.7 percent in February from the year ago period, compared to January’s 9.6 percent rise.

On a month-on-month basis, prices rose 0.3 percent compared to 0.4 percent in the month before.

According to figures released the National Bureau of Statistics, Beijing’s new home prices were up 12.2 percent in February from the same month the year before, compared with January’s 14.7 percent rise.

New home prices in Shanghai, meanwhile, climbed 15.7 percent in February year on year, versus 17.5 percent in the previous month.

via CNBC

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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