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House prices increase 0.8% in November Update Date: [2010-12-3]

China's home prices rose 0.8 percent in November, gaining for a second month even as the central bank raised interest rate for the first time since 2007, said SouFun Holdings Ltd, the nation's biggest real estate website owner.

 

Residential prices in 86 cities rose from October, based on 100 locations tracked by SouFun, with average home values nationwide climbing to 8,487 yuan ($1,273) a square meter. The gain followed a 0.7 percent increase in October's home prices from September, SouFun said.

 

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