House prices lift in Chinese cities in June

By a staff reporter

House prices in almost all Chinese cities rose in June, according to data out of the National Bureau of Statistics.

Statistics showed 63 out of 70 cities surveyed recorded an increase in the price of new homes in June, on a monthly basis.

This left five cities positing a fall in prices, while two were unchanged.

In May, 65 out of 70 cities recorded price increases, two were unchanged and three fell.

In terms of existing homes, 55 out of 70 surveyed recorded an increase in price in June on a monthly basis.

This left seven cities positing a fall in prices, while eight were unchanged.

In May, 64 out of 70 cities recorded price increases, three were unchanged and three fell.