(MENAFN) China's home price growth slowed last month, with Beijing dropping for a second straight month, reinforcing predictions that property price growth may stagnate.
Meanwhile, policymakers have prioritized stabilizing the property market ahead of an autumn leadership reshuffle, emphasizing the need to avoid dramatic price fluctuations.
Furthermore, as the country's home price grows have been moderating and sales are slowing, analysts do not see a main risk of a sharp price fall or crash.
Accordingly, speculative switch to smaller cities and their large housing overhang has resulted in an increase in debt in those centers.
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