Stock Groups

In China, 19.9% of households believe home prices will fall in Q4

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – A worker is seen standing on the scaffolding of a construction site, against the backdrop of Huaian residential buildings, Jiangsu, China, October 18, 2018. REUTERS/Stringer

BEIJING (Reuters – Nearly 20% believe that the price of homes in China will rise during the fourth quarter, according to a report by the central bank on Friday.

Survey results showed that 19.9% of respondents believed that house prices would rise during the fourth quarter, while 12.7% expected them to decrease in Q4.

A separate survey of central bankers found that 82.5% thought Q3 was appropriate for monetary policies.

China’s home prices increased at a slower pace than usual in August. This was due to authorities intensifying efforts to control a hot property market. Cooling measures are expected to reduce home price growth in the future.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are provided by market makers and are therefore not necessarily accurate. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]