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Xi'an housing prices fall in July
en.xa.gov.cn     Updated: 2021-09-10

In July, the sales price and month-on-month growth rate of new and second-hand residential buildings in Xi'an, capital of Southwest China's Shaanxi province, both fell from the previous month.

This was due to the control of multiple factors such as new real estate deals, the centralized supply of residential land, and the tightening of credit.

The sale price of new commercial residential buildings in the city increased by 0.7 percent month-on-month in July. The growth rate narrowed by 0.3 percentage points from the previous month.

Among the 15 sub-provincial cities, the sale price of new commercial residential buildings in Xi'an ranked second in terms of month-on-month increase, the same as the previous month.

Meanwhile, the sale price of second-hand residential buildings grew by 0.6 percent month-on-month in July, and the growth rate narrowed by 0.3 percentage points from the previous month.

Among the 15 sub-provincial cities, the month-on-month growth rate of Xi'an's second-hand residential building sale price ranked first, tied with Guangzhou.

During the month, the transaction volume of new commercial residential buildings in the city increased by 6.9 percent month-on-month, while that of second-hand residential buildings decreased by 26.6 percent month-on-month.