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Real Estate Briefing - Categorized | Finance, Market Moves more

China’s property market heats up

Posted on 25 February 2013

Property prices ticked up last month in many Chinese cities, raising the chances of further government action to cool the housing market. Prices jumped in 54 of the 70 cities tracked by the government in January, according to data released Friday by the National Bureau of Statistics.
The average price change was an increase of 0.6%, the first year-on-year acceleration in 11 months. Compared to the previous month, prices rose 0.5%, which is the fastest rate of growth since January 2011, according to economists at Nomura………………………………………..Full Article: Source

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