In March, the price decline was observed only in eight cities.
A week earlier, it was reported that in the I quarter China's GDP growth rate reached 6.7%, in line with expectations.
Investments in real estate have increased compared to last year by 6.2%, while new construction has added 19.2%. Sale of new areas rebounded even more strongly – by 35.6%.
Property prices in China rose at the highest rate in the past two years. This growth, however, can slow down due to the fact that local authorities are tightening requirements for the housing purchase in the two largest cities for fear of the "real estate bubble".
South Chinese city of Shenzhen has continued to maintain its leadership position in this regard - real estate prices there soared by 61.6 percent in annual terms; Shanghai is in second place, where house prices rose by 25 per cent.
Prices in both cities in the past month increased by 3.7 and 3.6 percent respectively.
On average, prices for real estate in 70 major cities gained 4.9 percent last month on an annualized basis; growth compared to February was 3.6 percent, according to Reuters’ calculations based on data from China's National Bureau of Statistics (NBS), published in Monday.
Recovery of China's real estate market started in the second half of 2015 after the introduction of government support measures. Strong rebound in prices in major cities, however, has spawned fears that markets may "overheat". This prompted the Shanghai and Shenzhen authorities to tighten the conditions of payments on loans for the second housing, and increase the level of responsibility for non-residents.
Although home sales in the two largest cities fell by 52 percent after the introduction of the new rules, the price decline is measured with only single digits, according to the China Real Estate Index System (CREIS).
Official data for April, which would reflect the impact of the measures taken, will be released in mid-May.
According to NBS statistics, 40 out of 70 major Chinese cities observed rise in prices in annual terms; in February, those scored only 32.
China's National Bureau of Statistics (NBS) also published data on industrial production, retail sales, investment in fixed assets and the volume of new lending - all of these indicators showed an increase and were slightly better than expected.
Experts believe that the situation has returned to normal thanks in part to mitigation of the monetary policy of the People's Bank of China, as well as the stabilization of the global financial market.
"The economy has stabilized due to the flow of liquidity and improving sentiment in the property market", - Bloomberg quotes Tao Dong, chief economist for Asia at Credit Suisse Group AG in Hong Kong. He also noted that it is unclear whether it is possible to consider the latest improvements sustainable. According to him, government incentives still play a key role, and there’s still need to resume the flow of private investment.
Industrial production grew by 6.8% during the reporting period. It is worth noting that the Chinese industry has slowed in growing over the past years. In 2011, the production volume of large Chinese enterprises rose by 13.9%, in 2012 - by 10%, and in 2013 - by 9.7%. Industrial production growth in China by the end of 2014 was 8.3%. In 2015, it increased by 6.1%.
A week earlier, it was reported that in the I quarter China's GDP growth rate reached 6.7%, in line with expectations.
Investments in real estate have increased compared to last year by 6.2%, while new construction has added 19.2%. Sale of new areas rebounded even more strongly – by 35.6%.
Property prices in China rose at the highest rate in the past two years. This growth, however, can slow down due to the fact that local authorities are tightening requirements for the housing purchase in the two largest cities for fear of the "real estate bubble".
South Chinese city of Shenzhen has continued to maintain its leadership position in this regard - real estate prices there soared by 61.6 percent in annual terms; Shanghai is in second place, where house prices rose by 25 per cent.
Prices in both cities in the past month increased by 3.7 and 3.6 percent respectively.
On average, prices for real estate in 70 major cities gained 4.9 percent last month on an annualized basis; growth compared to February was 3.6 percent, according to Reuters’ calculations based on data from China's National Bureau of Statistics (NBS), published in Monday.
Recovery of China's real estate market started in the second half of 2015 after the introduction of government support measures. Strong rebound in prices in major cities, however, has spawned fears that markets may "overheat". This prompted the Shanghai and Shenzhen authorities to tighten the conditions of payments on loans for the second housing, and increase the level of responsibility for non-residents.
Although home sales in the two largest cities fell by 52 percent after the introduction of the new rules, the price decline is measured with only single digits, according to the China Real Estate Index System (CREIS).
Official data for April, which would reflect the impact of the measures taken, will be released in mid-May.
According to NBS statistics, 40 out of 70 major Chinese cities observed rise in prices in annual terms; in February, those scored only 32.
China's National Bureau of Statistics (NBS) also published data on industrial production, retail sales, investment in fixed assets and the volume of new lending - all of these indicators showed an increase and were slightly better than expected.
Experts believe that the situation has returned to normal thanks in part to mitigation of the monetary policy of the People's Bank of China, as well as the stabilization of the global financial market.
"The economy has stabilized due to the flow of liquidity and improving sentiment in the property market", - Bloomberg quotes Tao Dong, chief economist for Asia at Credit Suisse Group AG in Hong Kong. He also noted that it is unclear whether it is possible to consider the latest improvements sustainable. According to him, government incentives still play a key role, and there’s still need to resume the flow of private investment.
Industrial production grew by 6.8% during the reporting period. It is worth noting that the Chinese industry has slowed in growing over the past years. In 2011, the production volume of large Chinese enterprises rose by 13.9%, in 2012 - by 10%, and in 2013 - by 9.7%. Industrial production growth in China by the end of 2014 was 8.3%. In 2015, it increased by 6.1%.
