PanAsianBiz

Housing Prices Still Climbing

by BBelew57 on January 31st, 2008

Despite the best efforts to curb prices, dissuade speculation, housing prices continue to soar in China's major cities.

The 4Q price increase in 70 of China's largest cities averaged 10.2%.

This figure is 2% higher than 3Q.

New apartments were up 11.4%, 2.4% higher than 3Q.

Second-hand units were up 9.8%, 2.2% higher than 3Q.

Rents were up 3.1%. Land transactions slowed by 4.3% to 10.7%

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For the year, housing prices in China's major cities were up 5.6% in 1Q, 6.3% in 2Q, 8.2% in 3Q.

I wonder if the lower interest rates in the US are going to have any effect.

Wait, wrong country.

What can be done to slow the housing price increases?

Ideas? 

source 

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POSTED IN: All about China