China home price growth eases in July, slowest since August 2016

Dhwani Mehta FXStreet

Reuters out with the latest all China new home prices data for the month of July, revealing that the new home prices arrived at +9.7% y/y versus +10.2% previous. Meanwhile, on monthly basis, all China July new home prices came in at +0.4 pct m/m vs. +0.7% last.

Key Details:

Beijing new home prices +8.9 pct y/y (June +10.7 pct)

Shanghai new home prices +7.3 pct y/y (June +8.6 pct)

Guangzhou new home prices +16.7 pct y/y (June +17.8 pct)

Shenzhen new home prices +0.5 pct y/y (June +2.7 pct)

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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