BEIJING, July 18 (Xinhua) -- China's home prices continued a downward trend in more cities in June, pointing to a sluggish property market that is complicating the broader economy as growth falters, official data showed on Friday.
New home prices in 55 of a sample of 70 major cities showed month-on-month drops in June, contrasted with 35 in May, the National Bureau of Statistics (NBS) said in a statement.
Only eight cities saw month-on-month gains, down from 15 in May.
The average home price in the 70 cities slipped 0.47 percent from the previous month, more than the 0.15-percent fall in May, according to the NBS data.
However, on a year-on-year basis, home prices in most cities are higher than a year ago, with only Wenzhou City seeing price drop in June.
Home prices in more cities register fall in May
BEIJING, June 18 (Xinhuanet) -- China's official data shows the property sector continued to show signs of cooling in May, with new home prices in half of 70 major cities reporting month-on-month drops.
The National Bureau of Statistics said a total of 35 cities saw month-on-month drops in new home prices last month, contrasted with eight cities recorded in April, while only 15 cities saw a month-on-month increase. Full story
Xinhua Insight: Home prices fall in more cities, adjustment expected
BEIJING, June 18 (Xinhua) -- China's property sector continued to cool in May, as new home prices in half of a sample of 70 major cities showed month-on-month drops, the National Bureau of Statistics (NBS) said in an online statement on Wednesday.
Thirty-five cities saw month-on-month drops in new home prices last month, contrasted with eight in April. Only 15 cities saw month-on-month increases, substantially down from 44 in April. Full story