House prices stabilize in Beijing-Tianjin-Hebei region

Updated 2017-05-30 08:30:12 Xinhua

The property market in northern China's Beijing-Tianjin-Hebei region stabilized in April after authorities implemented a string of measures to contain price hikes, according to an official survey released Monday.

In Beijing and Shijiazhuang, capital of Hebei Province, new residential house prices rose 0.2 percent and 0.1 percent month on month in April respectively, while Tianjin saw a month-on-month decline of 0.1 percent, according to the National Bureau of Statistics.

In April, the new residential house prices in Beijing, Tianjin and Shijiazhuang saw a year-on-year growth of 17.4 percent, 18.1 percent and 18 percent respectively.

Since October last year, the Chinese government has implemented a slew of measures to cool growth in housing prices, including restrictions on home purchases and increased minimum downpayment requirements.

The latest round of restrictions comes after more than two years of policy easing, starting with relaxation of purchase restrictions in 2014, and fueled by the pro-growth policies, including interest rate cuts.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58August 16 2018 01:02:14

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16August 16 2018 01:02:14

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18August 16 2018 01:02:14

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords