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Home prices up in lower-tier cities

By Wu Yiyao in Shanghai ( China Daily ) Updated: 2017-04-19 07:51:21

Inventory down in many areas in March as investors chase alternatives

Home prices in lower-tier cities rose faster in March and those in some first-tier cities dropped slightly as new city-specific home purchase policies took effect, according to data issued by the National Bureau of Statistics released on Tuesday.

The policies were introduced to ensure the stable and healthy development of the housing market and to curb runaway prices and speculative purchases.

Home prices up in lower-tier cities

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