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China’s New Home Prices Fall for First Time in Six Years as Rules Bite

China’s New Home Prices Fall for First Time in Six Years as Rules Bite

BEIJING – China’s new home prices fell for the first month in six years in September. This was due to Beijing’s efforts to curtail housing speculation and cool down the property sector .

The average new home price in 70 cities fell 0. According to China’s National Bureau of Statistics, 08% saw a 0.2% decrease in new home prices for September compared with the prior month. Although it’s a small decrease, this is still a significant month-on-month drop from March 2015,. It follows August’s 0. 16% Increase.

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