China house price growth seen slowing to 2% in 2017

BEIJING: China’s house price growth will slow significantly on continuing government curbs and tighter credit conditions this year, dampening land sales that hit record highs in 2016, but views diverge on whether prices will correct sharply, a Reuters poll showed.

Home prices across the nation are expected to rise a median 5% in the first half of the year and 2% for the full year, the poll estimated. Analysts expect a lag between official tightening steps and the deceleration in price growth.