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China’s house prices fall for fourth month

Posted on 05 January 2012

Average home prices in key Chinese cities edged down 0.3 per cent in December from November, the fourth consecutive monthly decline in the face of government measures to restrain an exuberant housing market, a private survey showed on Wednesday.
The China Real Estate Index System (CREIS), affiliated with China’s largest online real estate company Soufun Holdings, said average home prices slipped to 8809 yuan ($1400) per square metre in December, from November’s 8832 yuan………………………………………..Full Article: Source


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