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China sees first house price fall on year since curbs

Posted on 19 April 2012

China’s average new home price fell last month from a year earlier, the first decline in two years, raising investors’ hopes that property calming policies may soon be eased.
New home prices fell 0.7 percent, according to Reuters’ calculation using data published by the National Bureau of Statistics on Wednesday. They fell in 37 of the 70 cities the bureau monitors, widening from 27 in February………………………………………..Full Article: Source


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