According to the market snapshot of Legg Mason, during the month of May in China, 20 cities tracked by government statisticians experienced increases in new home prices.

The country’s largest cities experienced the strongest prices in more than a year. Shenzhen new-home prices rose 6.6% month by month, with Beijing, Shanghai and Guangzhou also turning in price increases.

Moreover it is important to take into account some relevant factors as the three interest rate cuts since November and the relaxation of home purchase restrictions.

Patricia Fernández Ruiz