NBS: New house prices in first-tier Chinese cities increase in March

Wednesday, 17 April 2019 12:09:08 (GMT+3)   |   Shanghai
       

In March this year, of 70 major Chinese cities surveyed, new house prices in first-tier cities increased by 4.2 percent year on year, while the new house prices in first-tier cities were up 0.2 percent month on month. Meanwhile, in second-tier cities the year-on-year growth rate of new house prices in the given month was 0.2 percentage points higher compared to the February growth rate, as announced by China's National Bureau of Statistics (NBS).

In China’s first-tier cities, prices of second-hand house prices in March saw a year-on-year rise of 0.5 percent, 0.2 percentage points higher compared to the year-on-year growth rate recorded in February. In second-tier cities, the year-on-year growth rate of second-hand house prices in March was stable compared to the year-on-year growth rate recorded in February.


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