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China's house price growth accelerated with North Korea's support

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rocky
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China's house price growth accelerated with North Korea's support

Post by rocky on Wed 16 May 2018, 9:17 am

China's house price growth accelerated with North Korea's support






2018/05/16 14:16


(Encyclopedia of this Day News | Iraq News ) - Live: house prices rose in China over the past month , the fastest pace in 10 months, supported by improvement in North Korea 's relationship with the countries of the world.

Prices of new homes in 70 cities in China rose 0.5 percent in April on a monthly basis, compared to 0.4 percent in March, according to data released by the National Statistics Bureau on Wednesday.

On an annualized basis, house prices in China grew by 4.7% in April, from 4.9% in March.

Data showed that 58 cities witnessed a rise in house prices last month, compared with 55 in March.

China's Dandong City, which borders North Korea, was the most expensive in April.

Investors rushed to the city's property market after the historic inter-Korean summit last month improved relations between North Korea and the rest of the world.

By 11:00 am (GMT), the yuan was steady against the dollar at 6.3765 yuan. 


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