China's home prices are hot. Average prices of new homes in 70 Chinese cities rose at an annual rate of 10.4% in February 2019, accelerating from a 10.0% rise in the previous month, according to Tradingeconomics.com.
That's the 46th straight month of price increases and the strongest annual gain since May 2017.
Rising home prices are certainly good news for investors and speculators who have been pouring funds into the sector to get the party going. But it's bad news for young people looking to buy a home and form a family, as was discussed previously in a piece here.
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