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19 May 2014
China house prices fall to 11-month low
FXStreet (Bali) - China April house prices printed yet another depressed reading if compared to recent year's standards, posting an 11-month low with average new home prices in 70 cities at +6.7% vs 7.7% prior.
The decline is further evidence of the cool down in China's property market, with the market struggling with oversupply, which will only add pressure to calls for additional easing measures by policymakers.
The decline is further evidence of the cool down in China's property market, with the market struggling with oversupply, which will only add pressure to calls for additional easing measures by policymakers.