LINE

Text:AAAPrint
Economy

China's home prices continue to rise in 2015

1
2015-12-27 08:48China Daily Editor: Wang Fan

China's housing market continued to warm in 2015 following easing measures, according to an industry report.

Home prices in 100 surveyed cities gained 3.39 percent in 2015, according to a report by the China Index Academy, an independent research institute.

Tier-one cities, including Beijing and Shenzhen, recorded a 15.1 percent rise in home prices this year, while tier-two and tier-three cities saw price drops.

The report forecast that property prices will continue on an upward trend next year with an average price hike of 4-7 percent, though some tier-two and most tier-three cities will report price declines.

Destocking will be a major task for 2016 and the inventory pressure will be more severe for tier-two and tier-three cities, said the report.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.