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    18.03.2016 09:27 Home prices in China rise in February

    According to Reuters calculations based on data from China's National Bureau of Statistics (NBS), average new home prices in 70 major cities climbed at an annual rate of 3.6% in February, after a 2.5% gain in January. It was the biggest annual rise since June 2014.

     

    The main contributor was Shenzhen, where home prices jumped by 56.9% year-on-year in February.

     

    On a monthly base, house prices increased in 47 of 70 cities, prices slid in 15 cities, while prices remained unchanged in 8 cities.

     

    The monthly rise was mainly driven by higher prices in Shenzhen, which climbed 3.6% in February.


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