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China's Real Estate Prices Rising, Rent Falling
China's housing prices have gone up in the first quarter this year with rent for both housing and land dropping, according to the latest figures released by the National Bureau of Statistics.
The house selling price index of 35 major cities rose by 0.7 percent between January and March over the same period last year. The land rent price index dropped by 0.8 percent and the house rent price index down by 0.6 percent.
Southwest China's Guiyang City, capital of Guizhou Province, ranked first in house selling price index, with its index rising by 3.8 percent.
The highest house rent price index was in Nanchang, capital of east China's Jiangxi Province, jumping 12.9 percent on a year-on- year basis.
North China's Shijiazhuang city, capital of Hebei Province, saw the country's biggest increase of 11.1 percent in land rent price index.
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