China home price drop spreads
Prices dropped in 69 of the 70 cities in September from August
Oct 25, 2014
Source : Business Standard
Homes

 

China's fell in all but one city monitored by the government last month as the easing of property curbs failed to stem a market downturn amid tight credit. Prices dropped in 69 of the 70 cities in September from August, the said in a statement on Friday, the most since January 2011. New-home prices fell 0.7 per cent from August in Beijing and 0.9 per cent in Shanghai, according to the government.

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