Wednesday, December 10, 2008

Y-o-Y Growth Rate of Property Prices in China's 70 Major Cities Slowed to 0.2 per cent in November

Property prices in China’s 70 major cities edged up 0.2 per cent y/y and down 0.5 per cent m/m in November, according to statistics jointly released by National Development and Reform Commission and National Bureau of Statistics. 43 cities witnessed a month-on-month drop in property prices in November, the statistics show. The y/y growth rate of property prices in November is 1.4 percentage points lower than that in October.

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