Categorized | International

Rise in the Price of Real Estate Property in China

Rise in the Price of Real Estate Property in China
Please Share!

As compared to the previous year, the rise in the price of Chinese properties has been observed which rose 5.2 percent last month, as calculated and reported by the real estate index system of China affiliated with the largest online real estate firm Soufun. The price has also been compared from the total calculation of May which shows the rise of 5.1% in prices. The official figure of real estate properties which is released by 18th of each month from the National Bureau of Statistics has shown the China’s housing inflation with a snapshot of its actual data. However, some of the areas of China will still face the downfall in real estate property prices as said by Ms. Huang Yu who is a famous and well-known real estate broker and executive vice president of CREIS. According to her, the government will never lighten its real estate policies because it will impact the growth of other cities which could create a dangerous situation for the real estate market of China.

The top ten cities of China are showing a little bit increase in the real estate price with a pace of 2.87 percent as compared to the prices of Last year’s June. However, it is still unchanged from this year’s May and showing the value of 15,829 Yuan per square meter area. China has been included in the list of countries which are also facing the downfall in prices of real estate properties however the country is still trying to develop its strategies and promoting the realtors to invest more in real estate so that not only the real estate market but also the economy of the country can be strengthened

 

 

 

Please Share!

About James Pattric

James writes for the Residential category (along with Josh Johnson) and also heads up the Resources category.

Leave a Reply

Twitter Chat