No Stopping China Property Market as Small Cities Set Record
New-home prices keep accelerating in data from 70 cities
Tightened approvals for shanty-town projects are yet to bite
There’s no stopping China’s property market.
New-home prices rose at the fastest pace in 22 months in July, climbing 1.2 percent from the previous month. That’s according to Bloomberg calculations based on statistics bureau data for 70 cities released Wednesday. It was the fifth straight monthly acceleration.