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Housing prices in China s first-tier cities turned lower in October

Housing prices in China's first-tier cities turned lower in October. In October, the number of cities with month-on-month declines in house prices increased slightly. The sales prices of newly built commercial residential buildings in first- tier cities turned from flat in the previous month to a decrease of 10.0%. Second-hand residential properties fell 2.0% month- on-month from a 2. 0% increase in thePrevious month. The number of city where the prices of Newly built commercial housing and second-hand housing increased fell to 67 and 2 respectively.

Price of Pre-Owned Homes in China s Big Cities Falls by Most in Nine Years as Buyers Hold Off

Price of Pre-Owned Homes in China s Big Cities Falls by Most in Nine Years as Buyers Hold Off
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The latest house price data of 70 cities is here, and the overall is now showing obvious signs of stabilization and recovery

In March, among the 15 large and medium-sized cities, the sales prices of newly built commercial homes and second-hand homes increased month-on-month in 3 and 70 cities, respectively. The number of cities where house prices rose in March is a direct reflection of market conditions. The stabilization of housing prices is related to the policy promotion since the fourth quarter of last year. The better-than-expected trend of house prices in the first quarter will have a positive impact on the housing companies, Yan Yuejin said.

Chinese homebuyers rush to clear mortgage loans

An increasing number of Chinese homebuyers have flocked to banks to prepay their mortgage loans recently and they have to wait three to five months to sign off on a repayment due to the rapid increase of applications.

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