China Home Prices Up Again

China’s home prices rose at the slowest annual pace so far this year in May, official data showed on Wednesday.

Average new home prices in China’s 70 major cities rose 5.6 percent from a year earlier, slowing from April’s 6.7 percent rise, according to Reuters’ calculations based on data released by the National Bureau of Statistics (NBS).

In month-on-month terms, prices dropped 0.2 percent, breaking a 19-month run of monthly rises.  In Beijing, new home prices rose 7.7 percent in May from a year earlier compared with April’s 8.9 percent increase, while prices in Shanghai were up 9.6 percent versus 11.5 percent growth in April.


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.