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