China Home Prices Stop Three-Month Drop as Market Stabilizes

Values gained in 50 cities in October, versus 44 in September
Efforts to curb speculation have seen property sales slump

Bloomberg’s Ramy Inocencio explains why more homes in China saw an uptick in prices than in the prior two months.(Source: Bloomberg)

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By Bloomberg News

November 18, 2017 at 2:27 AM UTC

Updated on

November 18, 2017 at 4:27 AM UTC

This article is for subscribers only.

Chinese home prices rose in more cities in October, snapping a three-month decline, a sign the market is stabilizing amid government efforts to curb property speculation.

New-home prices, excluding state-subsidized housing, climbed in 50 of the 70 cities tracked by the government, compared with 44 in September, the National Bureau of Statistics said on Saturday. Prices fell in 14 cities from the previous month and were unchanged in six.