China prices on the rise

The average price of a China property in the country's 70 large and medium-sized cities appreciated by 2per cent in August 2009 compared to the same month last year, according to data from the National Bureau of Statistics...

On a monthly basis, price rose by 0.9per cent from July, when residential increased 1per cent from the same month in 2008.
Prices of new houses in China last month increased 1.5per cent from the same month last year, and 1.1per cent from July. The growth rate was 1.2per cent higher than in July.

Housing prices in certain cities, including Ningbo in the east, and Yinchuan and Xining in the northwest, rose more quickly than in other cities. August prices in the three named cities rose respectively 7.4per cent, 6.8per cent, and 4.9per cent from the same month last year.

In August, prices of second-hand houses in the 70 cities rose 3.6per cent compared to the same month in 2008, and 0.6per cent from July.

Source: www.homesoverseas.co.uk/news