Pursuits
China Home-Price Recovery Spreads to More Cities Amid Easing
- Home prices rose in 39 cities in December, 33 in November
- Real estate viewed as `haven assets', fueling price increases
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China’s home-price recovery spread to more cities in December, especially smaller ones, after authorities rolled out easing measures targeting regions with a surplus of unsold homes.
New-home prices climbed in 39 cities, compared with 33 in November, among the 70 cities tracked by the government, the National Bureau of Statistics said Monday. They dropped in 26 cities, compared with 27 in November, and were unchanged in five.