China's home prices grew at slowest pace in two years in January, more weakness to come amid epidemic

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Home prices in China grew at their slowest pace in nearly two years in January as the coronavirus outbreak hurts the already weakening housing markets.

New-home prices rose 0.27 per cent last month from December in 70 major cities, National Bureau of Statistics data showed Monday. That’s lower than a 0.3 per cent gain in December and marking the slowest pace since February 2018.

On a year-on-year basis, home prices rose 6.3 per cent, slowing from a 6.6 per cent gain in December, hitting an 18-month . . .

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