BEIJING, Feb 16 (Reuters) - China's new home prices rose
in January for the first time in a year, official data showed on
Thursday, as the end of the zero-COVID regime, favourable
property policies and market expectations for more stimulus
measures boosted demand.
New home prices in January were up 0.1% month-on-month from
a 0.2% slide in December, according to Reuters calculations
based on National Bureau of Statistics (NBS) data released on
Thursday.
Prices dropped 1.5% year-on-year, falling for the ninth
consecutive month, in line with the 1.5% year-on-year fall in
December.
Beijing's aggressive stimulus policies for the crisis-hit
property sector since November have boosted sentiment in recent
weeks, but analysts believe confidence has not yet been restored
enough for a strong recovery.
(Reporting by Liangping Gao, Ella Cao and Ryan Woo; Editing by
Jamie Freed)
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