People look at models of houses at the 2021 Dalian autumn real estate fair at Dalian World Expo Center on October 15, 2021 in Dalian, Liaoning Province of China.
Prices of new homes in China rose at a faster pace in October, traditionally a peak season for house hunting, a private survey showed on Friday, suggesting that recent support measures could be having some early impact in a crisis-hit market.
The average price across 100 cities edged up 0.29%, compared with the previous month's 0.14%, according to data released by property researcher China Index Academy.
On a year-on-year basis, the average price rose 2.08% versus 1.85% growth in September.
Average new home prices fell 0.02% from a month earlier in smaller cities last month, the China Index Academy data showed.
Persons:
Nomura
Organizations:
Dalian, China Index, Authorities, Nomura
Locations:
Dalian, Liaoning Province of China, China, Shanghai, Beijing