In November of this year, average new home prices in 100 major Chinese cities totaled 17,036 yuan/square meter ($2,408/sq.m.), an increase of 0.37 percent month-on-month, with an increase of 2.68 percent year-on-year, as announced by the CIA, the largest independent real estate research organization in the world. China.
Meanwhile, in November, average prices for used homes in 100 major Chinese cities totaled 13,143 yuan/square meter ($1,857/sq.m.), down 0.94 percent month-on-month, 0.1 percentage point faster than the decline recorded in October this year and 7.95 percent in year-on-year, which is 0.35 percentage points faster than the year-on-year decrease recorded in the previous month.
