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China’s housing market cools in November: report

Abstract : China's housing market showed signs of cooling down in November, data from a recent report showed.

BEIJING, Dec. 5 (Xinhua) — China’s housing market showed signs of cooling down in November, data from a recent report showed.

An index indicating the search for housing nationwide dropped 3 percent in November from one month earlier, according to a report jointly released by online marketplace 58.com and housing information platform anjuke.com.

Specifically, the index for first-tier cities declined 2.4 percent from October, while that for second-tier cities decreased 2.9 percent, the report said.

Third- and fourth-tier cities saw a 3.3-percent decline.

The housing prices in 67 major cities averaged 16,420 yuan (2,506 U.S. dollars) per square meter last month, according to the report’s online monitoring results. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s housing market cools in November: report

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