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China House Prices Raise Fears Of More Tightening

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Many economists have warned that a bursting of a property bubble is the biggest risk facing the world's second-largest economy in the medium to long term.

In the short term, rising home prices are driving up China's consumer inflation, which accelerated to 6.5pc in the year to July from June's 6.4pc.

The country's average new home prices rose 4.3pc in July from a year earlier, an uptick from an annual rise of 4.2pc in June and 4.1pc in May, according to Reuters calculations from official data published on Thursday.

House prices go up by 4.3% yet it helped to push consumer inflation up by 6.5%???? Surely they mean food/oil is pushing up inflation?

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  • 334 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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