New-home prices in China fell in June for a second consecutive month and are expected to continue declining — a challenge for Beijing if prices fall too sharply and put further pressure on the economy.
The signs on Friday of a drop in home prices coincided with property data published on Wednesday that showed real estate investment slowed in the first half of 2014, while sales and new construction slipped.
Some analysts now expect more price declines in the coming months as developers experience sliding sales and an acute funding shortage — even though official figures showed home sales improved slightly in June from May.
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Reuters via CHINA US Focus http://ift.tt/1jXQ87r
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