BEIJING, Aug. 6 (Greenpost) — China’s second-hand house price index reached 1,086.3 in July, an increase of 2.1 percentage points from the previous month, posting rebound for three month running, according to a report by Economic Information Daily quoting report by property consulting service and information provider CRIC on Thursday.
The growth was led by first-tier cities, such as Beijing, Shanghai, Guangzhou and Shenzhen, according to CRIC.
Of the 60 cities monitored by CRIC, altogether 38 cities posted month-on-month house price rise in July, and 22 cities saw month-on-month decline, with Xi’an and Ningbo falling most.
Li Chunyan, analyst of CRIC, holds that house price of first-tier cities is unlikely to post significant rise, and price of house market will remain stable in August. (Edited by Hou Yujie, email@example.com)