Average house prices in China continued to climb in December

In December, the average house price in 100 benchmark Chinese cities increased by nearly 1% MoM ​in December, marking the fifth YoY and MoM climb in 2015. According to the China Index Academy, house prices in China are expected to grow steadily in 2016, however, the division between bigger and smaller cities will continue.   

(MENAFN) The average new housing price of 100 top Chinese cities stood at USD1,690.9 per square meter in December, up 0.74 percent as opposed to November, based on reports.



The average housing price in 100 benchmark Chinese cities rose by nearly 1 percent month on month in December, marking the 5th y-o-y and month-on-month climb in 2015.



According to the China Index Academy, housing prices in China are anticipated to cultivate steadily in 2016, whereas divergence between bigger and smaller cities will continue.



On a different note, China's middle-class population had reached more than 300 million by 2012, and the number of billionaires in China increased from 130 in 2009 to 251 in 2012.