China 's housing market is showing signs of cooling, with home sales last month increasing by the smallest amount in two years as regulators look to rein in price growth. The value of new home sales in July rose 4.3% China to China ($ 117bn ), according to a Bloomberg calculation based on NBS ( Bloomberg ) figures. The data marked the smallest rise since July , when policies to encourage demand from buyers were introduced. Real estate investment is now predicted to slow at a "gradual pace", according to NBS spokesman Mao Shengyong , who added that speculation had been curbed.
China's housing market is showing signs of cooling, with home sales last month increasing by the smallest amount in two years as regulators look to rein in price growth. The value of new home sales in July rose 4.3% YoY to CNY779bn ($117bn), according to a Bloomberg calculation based on National Bureau of Statistics (NBS) figures. The data marked the smallest rise since March 2015, when policies to encourage demand from buyers were introduced. Real estate investment is now predicted to slow at a "gradual pace", according to NBS spokesman Mao Shengyong, who added that speculation had been curbed.