Average home prices in 100 Chinese cities rose 0.56% over the previous month in June, their fastest growth since January of 2014 and a possible signal that China’s property market is finally finding its legs after a year-long downturn, The Financial Times reported, citing a private survey by the China Index Academy. But industry observers suggested any recovery will take time in light of the problems still dogging mainland property markets. “A nationwide property market recovery will remain a prolonged and strenuous process, dragged by large inventory overhangs in second and third-tier cities,” ANZ analysts wrote in a note.
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