UPDATE 1-China March home prices fall y/y, Beijing shows m/m growth

April 18, 2015 2:57 AM

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HONG KONG, April 18 (Reuters) - China's average new home prices continued to fall in March, but on a narrowing trend that is expected to continue as the government's stimulus policies bolster sales volumes.

Average new home prices in China's 70 major cities dropped 6.1 percent last month from a year ago, the seventh consecutive month fall, following February's 5.7 percent decline.

Also read: Sales of new homes rose 3.1 percent in September

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