Real estate market stabilization gaining momentum.
The latest data from the National Bureau of Statistics (NBS) shows that China’s housing prices accelerated to 0.3% m/m in November (compared to 0.1% in October), the sixth consecutive month prices have risen on a sequential basis.
According to BBVA, this continuing surge in housing prices taken together with other housing market data released earlier this month all point to signs that China’s real estate market is stabilizing. The recent CEWC conveyed that authorities will seek to balance the rebound with maintaining housing affordability.
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