Chinese real estate has seen years of strong appreciation in property values due to a huge acceleration in housing growth. As of June 2018, the real estate market in China has been rising for 37 straight months, setting a new record for the longest upturn in the nation’s history. New-home prices rose at the fastest pace in 22 months in July, climbing 1.2% from the previous month with homebuyers facing higher prices in a record 65 of 70 surveyed cities. A couple of years of breakneck growth has caused the average price of developed property (i.e., condominiums and residential apartments) in China to jump 18% since July 2015 . . .

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