House prices still on the up, but the pace of gains slowing a tad
More:
- All China new home prices +12.2% y/y (December +12.4%)
- Beijing new home prices +24.7 pct y/y (December +25.9 pct) ... unchanged m/m
- Shanghai new home prices +23.8 pct y/y (December +26.5 pct) ... -0.1% m/m
- Beijing existing home prices +0.8% m/m and +34.6% y/y
- Shanghai existing home prices -0.4% m/m, +28.7% y/y
Summary:
- Home prices increased last month in the fewest cities since in a year
- New-home prices higher in January in 45 of the 70 cities tracked by the government (46 in December)
- Prices fell in 20
- Unchanged in 5