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%

.

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 

You May be Interested in :

• Race Results – 2009 Flora London Marathon – Race Results
• Race Results – 2009 Boston Marathon – Race Results
• 3 Options to Watch Live Streaming of the 2009 Academy Awards Online FOR FREE – List of Nominees
• 2009 Delhi International Marathon
• Dubai International Marathon 2009 Results