Over the weekend, China released its June property price data and the recovery continues with new home prices up 0.4% on the month and still accelerating:
Prices are still down -4.9% year on year but clearly past the nadir:
Advertisement
Prices rose in 27 of 70 cities month-on-month (vs. 20 in May) and fell in 33 cities (vs. 41 in May) with 10 unchanged: