House prices in China increased marginally in July from a month earlier, according to a report published by the National Bureau of Statistics on Saturday.
Out of the 70 major cities surveyed by the NBS, 50 cities recorded a month-on-month increase in prices. House prices in 9 cities declined during the month, while that in 11 cities remained at previous month's level.
Among the major cities, price growth was recorded in Beijing and Guangzhou on a monthly basis, while prices remained unchanged in Shanghai.
On an annual basis, prices decreased in 58 cities, while 11 cities recorded increase.
by RTT Staff Writer
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