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Stocks, Economy No Drag on China Home Prices as Policy Loosened

  • New-home prices likely see rise in more cities in August
  • China has cut rates, eased home-purchase limits amid slowdown

China’s easing of home-purchase restrictions and interest-rate cuts are helping extend a recovery in housing prices even as the world’s second-biggest economy slows and the share market plunges.

New-home price gains in August spread to more cities of the 70 monitored by the government, official data on Friday is expected to show, according to analysts. Prices rose in 31 cities in July, exceeding those where they declined for the first time since April last year, underpinned by four rate cuts from November to June and the loosening of policies that had damped demand.