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Home prices in China rise in April
According to Reuters calculations based on data from China's National Bureau of Statistics (NBS), average new home prices in 70 major cities climbed at an annual rate of 6.2% in April, after a 4.9% gain in March. It was the fastest annual rise since April 2014.
The main contributor was Shenzhen, where home prices jumped by 62.4% year-on-year in April.
On a monthly base, house prices increased in 65 of 70 cities, while prices slid in 5 cities, according to the NBS.
The monthly rise was mainly driven by higher prices in Hefei, which climbed 5.8% in April.
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