In China, housing in new buildings is going cheaper: at the end of January this year, the price fell 0.43 percent against December 2014, when the cost of new homes fell 0.4 percent. It is reported by the Chinese National Bureau of Statistics.
Against the backdrop of weak consumer demand, the price of new homes is gradually decreasing. Such dynamics is recorded in the 70 largest cities in the country.
In addition, last month the cost of new residential properties fell 5.1 percent against August 2014. In December, the figure fell 4.3 percent a year.
According to experts, the Chinese real estate market in 2014 was stronger than predicted. However, the price is expected to stabilize in 2015.
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