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<CN Home>Reuters Gauges YoY Decline in CN Aug Home Prices in 70 Cities Narrows to 2.5%
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The YoY decline in the price index of newly built commercial residential properties in 70 large and medium-sized cities continued to narrow to 2.5% in August, marking the smallest decline since March 2024, representing 0.3% MoM drop, the same as the previous month, according to Reuters' calculations based on data released by China's National Bureau of Statistics (NBS). In August, among the 70 large and medium-sized cities, the price index for newly built homes recorded MoM growth in 9 cities, compared to 6 in July, with decline in 57 cities, compared to 60 in July, the NBS added. The index remained unchanged in 4 cities, the same as that in July. AASTOCKS Financial News Website: www.aastocks.com |
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