The prices of new houses in China rose slightly faster in December, according to a Reuters survey
BEIJING (Reuters) – China’s new home prices rose at a slightly faster pace in December, a private survey showed on Wednesday, as the crisis-hit real estate sector struggles to find a bottom after a raft of supportive government policies.
The average price of new homes in 100 cities rose 0.37% from the previous month, compared with a 0.36% rise in November, according to research agency China Index Academy.
On the annual level, the average price in December increased by 2.68%, against a growth of 2.40% in the previous month.
Official data on house prices will be released by the Chinese Bureau of Statistics on January 17.
Chinese policymakers have redoubled their efforts in recent months to revive a sector that collapsed in 2021 after a government-led campaign to clamp down on debt-ridden developers left them severely cash-strapped.
Since September, measures aimed at encouraging the purchase of apartments include reductions in mortgage rates and minimum down payments, as well as tax incentives.
