(Bloomberg) -- China’s home prices fell at a slightly faster pace in August, underscoring the waning effect of the latest housing rescue plan. Most Read from...
-- China ’s home prices fell at a slightly faster pace in August, underscoring the waning effect of the latest housing rescue plan.The Hague Is World’s First City to Ban Oil and Air Travel Ads
The prolonged slump in property values has deterred homebuyers from forking out money as they wait for further price declines. The glacial pace of rescue measures on the ground is adding to the pain. Beijing’s campaign to buy unsold homes to ease oversupply has seen slow implementation, driven in large part by the unattractive economics of the plan for local governments.“Home sales have stayed weaker than expected” despite government support, said Raymond Cheng, head of China property research at CGS International Securities Hong Kong.
The move, however, will have “minimal” direct impact on the property market even if it helps household income and consumption, according to Cheng at CGS.EV Leases Go as Low as $20 a Month to Help Dealers Clear Their LotsNorth Crowley football continues historic start with blowout win over Denton GuyerFlorida renters and condo owners face a looming crisis that could displace them | OpinionRCMP arrest second suspect in deadly shooting east of CalgaryMANHATTAN, Kan.
National Bureau Of Statistics China Raymond Cheng
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