New-build home prices in China rose at a slower pace in August than in July. The average price of new homes in 100 cities rose 0.11 percent from July, slowing from a 0.13 percent rise in the previous month, according to research firm China Index Academy.
The real estate sector in China is considered among the main pillars of the local economy. From 2021, he goes from one crisis to another.
The state introduced a series of measures to stimulate and relieve the sector, stimulating sales and fighting to increase liquidity in the market.
In August, 35 cities reported higher home prices. “As the property sector enters the traditional peak season known as “Golden September and Silver October”, real estate developers may increase their efforts to promote sales”, China Index Academy said.
„Coupled with the further implementation and effectiveness of supportive policies, market activity in major cities is expected to recover slightly in the short term,” it said.
You can see detailed statistics on average property prices in Bulgaria by cities and neighborhoods HERE