{"id":9588,"date":"2025-01-02T02:13:53","date_gmt":"2025-01-02T02:13:53","guid":{"rendered":"https:\/\/cryptoopia.com\/economy\/9588.html"},"modified":"2025-01-02T02:13:53","modified_gmt":"2025-01-02T02:13:53","slug":"china-december-new-home-prices-rise-a-touch-faster-survey-shows","status":"publish","type":"post","link":"https:\/\/cryptoopia.com\/economy\/9588.html","title":{"rendered":"China December new home prices rise a touch faster, survey shows"},"content":{"rendered":"

BEIJING (Reuters) – Prices of new homes in China rose at a slightly faster pace in December, a private survey showed on Wednesday, as the crisis-hit property sector struggles to find a bottom on the heels of a slew of supportive government policies.<\/p>\n

The average price of new homes across 100 cities edged up 0.37% from a month earlier, compared with the 0.36% rise in November, according to data from property researcher China Index Academy.<\/p>\n

On a year-on-year basis, the average price rose 2.68% in December, versus 2.40% growth in the previous month.<\/p>\n

Official data for home prices will be released by China’s statistics bureau on Jan. 17.<\/p>\n

\"\u00a9<\/p>\n

China’s policymakers in recent months doubled down on their efforts to revive the sector, which crashed in 2021 after a government-led campaign to rein in indebted developers left them severely cash-strapped.<\/p>\n

Since September, measures aimed at encouraging homebuying have included cutting mortgage rates and minimum down-payments, as well as tax incentives. <\/p>\n

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