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China's home prices continue to rise in 2015

2015-December-27       Source: Xinhuanet.com

China's housing market continued to warm in 2015 following easing measures, according to an industry report.

China's housing market continued to warm in 2015 following easing measures, according to an industry report.

Home prices in 100 surveyed cities gained 3.39 percent in 2015, according to a report by the China Index Academy, an independent research institute.

Tier-one cities, including Beijing and Shenzhen, recorded a 15.1 percent rise in home prices this year, while tier-two and tier-three cities saw price drops.

The report forecast that property prices will continue on an upward trend next year with an average price hike of 4-7 percent, though some tier-two and most tier-three cities will report price declines.

Destocking will be a major task for 2016 and the inventory pressure will be more severe for tier-two and tier-three cities, said the report.

Editor: Yishan

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