Housing Prices in 70 Cities Increased by 9.3% in August

According to the National Bureau of Statistics, housing prices in 70 large- and medium-sized cities increased by an average of 9.3% in August, compared to the same period last year. While the area of floor space sold and value of sales decreased by 10.1% and 8.6% respectively from last August, investment in real estate increased by 34.1%.