China new home prices rise more slowly in August, survey shows
BEIJING - Prices of new homes in China rose at slower pace in August, a private survey showed on Sunday, as the crisis-hit property sector struggles to find its bottom after a slew of supportive policies.
China's property sector, a pillar of the economy, has lurched from one crisis to another since 2021, when a regulatory crackdown on high leverage among developers triggered a liquidity crisis. "Coupled with the further implementation and effectiveness of supportive policies, the market activity in core cities is expected to slightly rebound in the short term," it said.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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