China’s July home price growth cools as real estate rally in smaller cities loses steam
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Aggregate prices of China’s newly built homes cooled in July for the fourth consecutive month, with a price rally easing among smaller cities for the first time as a concerted effort by the government to bring housing affordability under control showed its effectiveness.
Besides cooling prices, sales volume also moderated as draconian borrowing rules prevented more people from qualifying for mortgages in an increasing number of cities.
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Source : China’s July home price growth cools as real estate rally in smaller cities loses steam