China home price rise indicates small rebound in demand

Release time:2012-11-21 Article source: Reading times: A+AA-
  Chinese property prices increased in 35 of the country's 70 main cities during October, indicating a small rebound in demand.
  Analysts said two interest rate cuts, relaxing lending restrictions and easier access to local government housing funds were behind the gain.
  The real estate industry is one of the country's main economic engines.
  However, China wants to avoid sudden price rises, which could shut many ordinary buyers out of the market.
  These concerns were eased by the statistical office's latest figures, which show that property prices were lower in 56 cities in October, compared to the same month last year.

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