[Beijing 17th Reuters]-According to Reuters calculations based on data released by the Chinese National Bureau of Statistics, new housing prices in 70 major cities in August rose 0.5% from the previous month. The growth rate slowed from 0.6% in July, the lowest level since February.
However, the rise was for 52 consecutive months.
Compared to the same month last year, it increased by 8.8%. It fell below the 9.7% rise in July, recording a low growth since October 2018.
A series of speculative measures introduced by the government and the general economic slowdown are putting pressure on the real estate market.