Chinese house prices rose at the fastest pace for two years in April, despite accentuated oversupply after investment poured into the construction sector in the first quarter.
The price of new residential buildings rose 6.2 per cent in the year to April, according to a Reuters index calculated from data released by the National Bureau of Statistics.
At the same time, investment in real estate construction in the first four months of this year rose 7.2 per cent compared with the same period last year.
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