In 51 out of 70 major Chinese cities, the price of a new buildings increased in July 2016, compared to the previous year, according to the data of the National Statistics Department of China, Interfax reports.
In June, the rise in prices for real estate was registered in 55 Chinese cities.
In July, the number of cities, where house prices fell, increased from 10 up to 16.
This trend is connected with the measures taken by the Chinese authorities with the purpose to restrict a surge of the “overheated” housing market. In particular, this includes an increase of initial deposit at housing purchasing not only for big cities, but for small ones as well.