According to official statistics, house prices in a survey of China 's 70 biggest cities were up by 1.6% in the third month in a row , compared to December . In addition to this, on a national level, prices increased 7.7% YoY for the previous year . While this increase in property prices could point to a road to recovery for Chinese property, growth failed to come from all areas, with a divide seen between bigger cities in coastal areas and their smaller inland counterparts. However, while the rise in prices in major cities in December was an improvement on November's 6.5 percent increase, there were sharp variations in the health of the property market in different parts of the country. Slowing construction levels in some regions, due to the large supply of unsold houses, also indicated that the market has not yet fully recovered.
According to official statistics, house prices in a survey of China 's 70 biggest cities were up by 1.6% in the third month in a row , compared to December . In addition to this, on a national level, prices increased 7.7% YoY for the previous year . While this increase in property prices could point to a road to recovery for Chinese property, growth failed to come from all areas, with a divide seen between bigger cities in coastal areas and their smaller inland counterparts. Slowing construction levels in some regions, due to the large supply of unsold houses, also indicated that the market has not yet fully recovered.