New housing prices down in 34 Chinese cities

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New figures from Chinas official statistics agency shows 34 out of 70 major cities saw new housing prices drop in October compared to last month, while prices in 20 cities remain flat. Thats 17 more cities seeing falling prices in October, than September.

On a yearly basis, new home prices in two cities decreased, while 59 cities saw a slowing increase in prices. For pre-owned homes, prices in 38 cities dropped compared to last month, while prices in 19 cities stayed the same. Compared to the same period last year, 13 cities saw dropping prices, slowed compared to the previous month. The same was seen in Shanghai.

Editor:Zhang Hao |Source: CNTV.CN



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