Chinese cities see housing price decline in NovemberDecember 18th, 2011 - 2:39 pm ICT by IANS
Beijing, Dec 18 (IANS) More Chinese cities saw monthly home prices decline in November after the government took a slew of measures to curb runaway property prices.
In November, 49 cities out of a statistical pool of 70 major cities saw drops in new home prices from October, compared with 34 cities in October, the National Bureau of Statistics said Sunday.
New home prices in 16 cities stayed flat last month from October, and the growth rates of home prices in the other five cities were all below 0.2 percent, according to an NBS statement on its website.
On a year-on-year basis, four cities out of the 70 saw prices go down in November, compared with two in October, reported Xinhua.
Prices of existing homes fell in 51 cities in November, an increase of 13 cities from October, while those in 12 cities stayed flat, according to the statement.
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