皇冠体育app

A property construction site in Nanjing, capital of Jiangsu province, Nov 21, 2014.?[Photo/CHINA DAILY]

Property market in 皇冠体育app continues to slide. In November, home prices fell in 82 cities and rose in four compared to last month, chinanews.com reported on Monday.

The average price of newly built homes is 10,589 yuan ($1,726) per square meter in 100 Chinese cities, which is lower compared to last month as well as same time last year, said the website quoting data from 皇冠体育app Index Academy.

Hangzhou reported the biggest fall in home prices, with the rate dropping 0.93 percent from last month, and 10.08 percent year on year.

Among 100 cities, home price in only 18 cities is higher from a year earlier.

The prices in Beijing and Shanghai saw a slight upturn of 0.07 percent in November, reaching 18,946 yuan per square meter ($3,082), which ends the downturn from May of this year.

In Shanghai, the average home price rose 1.18 percent compared to last month, and 5.23 percent year on year.

Reductions in inventory will continue in the future, which will cause downward pressure on prices in the property market in the country, 皇冠体育app Index Academy forecasts.

• Cash crunch fans expectation on RRR cut
• US extends antidumping duties on 皇冠体育app's thermal paper
• Modern food van with ancient look in Shanghai
• 皇冠体育app home prices continue to cool in November
• Asia's top 3 billionaires all Chinese
• Old investment remedy the treatment for 皇冠体育app's "new normal"
• 皇冠体育app's solar sector opposes US anti-dumping ruling
• BMW to recall 846 cars in 皇冠体育app