Home Price Growth Slows as Cooling Measures Continue to Dampen Market

Commercial buildings under construction are visible in Xiangyang, Hubei province, on Nov. 30. Photo: IC

(Beijing) — Home-price growth continued to decelerate in major Chinese cities in November as a slew of policies intended to cool the overheated market continued to dampen the market.

New-home prices, excluding government-subsidized housing, increased month-on-month in 55 cities in November, down from 62 cities in October, the National Bureau of Statistics (NBS) said on Monday. Eleven cities saw home prices decline, compared with seven cities in October.

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