Pursuits
China Home Prices Increase in More Cities on Looser Credit
- Home prices in September rose in more than half of 70 citites
- Rate cuts, easing of curbs helping demand in smaller cities
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China’s home prices rose in September in more than half of the 70 major cities monitored by the government for the first time in 17 months, as home-purchase restrictions were loosened and interest rates cut.
New-home prices rose in 39 cities, compared with 35 in August, the National Bureau of Statistics said Friday. Prices dropped in 21 cities, fewer than the 25 in August, and were unchanged in 10.