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China housing prices fall for second month: survey

Housing prices in major Chinese cities fell for a second consecutive month in June, an independent survey showed Monday, providing more evidence of a deflating property bubble. The average price of a new home in 100 major cities was 10,923 yuan ($1,775) per square metre this month, down 0.50 percent from May, the China Index Academy (CIA) said in a regular monthly survey.

Prices had dropped 0.32 percent month-on-month in May, the first such decline in nearly two years, but the academy said the pace of the fall accelerated in June. Prices fell in 71 cities and rose in just 29, it said.

Copyright Agence France-Presse, 2014



 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln