China's house market indicates signs of recovery

Note: This section contains information in English only.
Source: CNBC
Although China is facing decelerated economic expansion, the latest data, published on Tuesday, July 17, showed that home sales recovered in June. Property sales revenues increased by 6.9% in comparison to 2011. Moreover, home prices slightly increased in June. Real estate in Beijing gained 0.3% while Shanghai's property prices rose 0.2%. However, in annual term prices still fell by 1% and 1.5%, accordingly. Analysts expect Chinese real estate to keep increasing in value in the near future.
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