UK mortgage approvals rose to 63,032 in May, surpassing forecasts of 60,800 and the previous month's 60,463, indicating increased lending activity. The UK's M4 money supply also grew by 0.2% month-on-month and 3.5% year-on-year in May. However, UK house prices showed mixed trends: the Nationwide index reported a 0.8% decline month-on-month in June, reversing a 0.5% increase in May and falling short of the 0.1% forecast, while Halifax data indicated house prices were flat in June with no monthly change and a steady 2.5% annual growth rate. In China, new home prices fell 0.27% month-on-month in June, the fastest decline in eight months, with a year-on-year drop of 3.2%, slightly less severe than the previous 3.5% decline. Used home prices also declined by 0.61% month-on-month. Among major Chinese cities, Shanghai was the only one to see a year-on-year increase in new home prices at 6.0%, while Beijing, Guangzhou, and Shenzhen experienced continued declines, with Beijing showing a 4.1% year-on-year decrease. The data reflect ongoing weakness in China's property market, with calls for government stimulus rising amid deteriorating property investment over recent months.
國家統計局今朝(15日)公佈,內地70個大中城市6月份嘅新建商品住宅價格,按月跌0.3%,按年跌3.2%。一線城市同樣慘淡,呈現「一升三跌」嘅格局,當中只有上海樓價有少少升幅,北京、廣州、深圳三大城市樓價繼續插水,而且已經係連續19個月負增長,顯示市場氣氛持續疲弱。 https://t.co/EFyO1NHjgl
The troubles in the beleaguered housing market aren’t going away, with home pricing data falling in all cities surveyed https://t.co/577w3LDoCJ
#China's real estate recession seems to be worsening again. For a brief moment, things started to look somewhat less grim. But property investment has deteriorated over the past four months. The last time China recorded positive year-on-year growth in property investment was https://t.co/vn7mj5Sa6r