July National housing prices rose 10.3%

The latest figures show that July national housing prices rose 10.3% Year-on-year, Moody's said that China's housing prices rebound, "Caixin network" (Intern Zheng) The latest data show that the country's July housing price growth and last month flat.　　According to the NDRC's house price index, it grew 10.3% per cent year-on-year, but it has slipped from the 12.8% record of the year to April. Ka Zhile, an assistant economist at Moody's, argues that while this annual growth rate is not surprising compared with China's current GDP index and urbanisation, there has been a growing concern about the housing price bubble. Management has taken appropriate measures to curb speculative activity.　　As a result of policy tightening, property stocks in Shanghai have fallen by 44.3% since July. Ka Zhile that there are signs of a rebound in Chinese housing prices. He also said two data were noteworthy: one is that Beijing's July new housing prices rose 20.1% per cent year-on-year, a growth already close to nominal GDP, which is often used as an indicator of bubbles. Second, according to the academic sector of the constant price index (directly measure the industry's contribution to economic growth Price index), in the past year, Beijing's surrounding real estate, the constant quality price index has doubled 1 time times. And it is a testament to the fact that price increases in recent years are indeed bubbles.　　This may also be the current management and market attention. Some industry insiders believe that the real effect of this round of property regulation has not yet appeared, and currently belongs to developers and buyers of the game stage.　　The purpose of this round of regulation is more to drive unhealthy manipulation and speculative psychology out of the market. A developer management said, from scattered in all the second-hand property prices, compared to the previous months have 10% of the price reduction, but the price continues to the downside of limited space, and the future volume of the trend is positive. According to their sources, in the second half of the year, although the number of new supply in the first-tier cities will not be much, but from the national level, the amount of push will be equivalent to the second half of last and this year's total