Analysts at Nomura note that the simple average of property price inflation across 70 cities of China continued to rise in June, by 0.3 percentage points (pp) to 1.1% m-o-m. Key Quotes “The number of cities with sequentially higher prices increased to 63 in June from 61 in May, while the number of cities with lower or flat prices fell further to seven.” “Property price inflation in Tier-1 cities edged up to 0.5% m-o-m in June from 0.4% in May, again driven mainly by prices in Guangzhou, which grew by 1.9% m-o-m in June.” “Property price gains in Tier-2 cities accelerated further, by 0.4pp to 1.3% m-o-m in June, likely boosted by favourable policies in those cities to attract talent inflows.” “Despite sequentially higher property prices, we believe downside pressures on the property sector are forthcoming, as evidenced by the slowing growth of property investment, sales, and funds for property investment.” “We maintain our view of potential housing demand as stretched, given already-high property prices and household leverage.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK: Focus on labour market report – Nomura FX Street 5 years Analysts at Nomura note that the simple average of property price inflation across 70 cities of China continued to rise in June, by 0.3 percentage points (pp) to 1.1% m-o-m. Key Quotes "The number of cities with sequentially higher prices increased to 63 in June from 61 in May, while the number of cities with lower or flat prices fell further to seven." "Property price inflation in Tier-1 cities edged up to 0.5% m-o-m in June from 0.4% in May, again driven mainly by prices in Guangzhou, which grew by 1.9% m-o-m in June." "Property price gains in Tier-2 cities… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
