China property values on the up

Country:  China

11 June 2009

The Chinese property market showed further signs of recovery in May, after average property values appreciated by 0.6%, compared to the previous month, according to the National Bureau of Statistics (NBS).

Data compiled by the NBS shows that the Prices of new and existing homes in 70 large and mid-sized Chinese cities fell by just 0.6% year on year last month – a significantly slower pace of decline.

See Also:   China