CASS: House sales prices in China to rise by 7.6 percent in 2019

Friday, 24 May 2019 11:41:39 (GMT+3)   |   Shanghai

China’s Academy of Social Science (CASS) in its latest report has stated that China’s average house sales prices rose by 12.2 percent year on year in 2018, recording a higher increase than expected. CASS said that it expects average house sales prices in China to rise by 7.6 percent in 2019, with house sales prices in some key cities in China likely to exceed expectations.

CASS pointed out real estate enterprises are increasingly relying on their own capital due to the rise in uncertainty in the real estate market, the increased risks in small and medium-size cities, and the increasing difficulty in obtaining finance.

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