Three Greatest Price Increasing Real Estate Markets
Submitted by Bill Belew on Tuesday, 14 August 2007No Comment
Overall, Chinese real estate went up, on average, 6.3% in 70 major cities throughout China.
The three greatest price increases took place in:
1. Shenzhen – up 14.3%
2. Beihai City – up 12.5%
3. Beijing – up 9.5%
The average price of new residential apartments grew 6.4%.
New home prices in Beihai City were up 18.1% and in Shenzhen – 12.5%.
Beijing prices for new homes were up 10.3% and Nanjing were up 9.8%.
Second-hand home prices jumped 6.9% with Shenzhen leading the way – up 14% and Beihai up 12.7%.
Now is a very good time to have property – second-hand or otherwise in places like Shenzhen.
Wait! My wife and I have an apartment in Shenzhen.
Leave a comment!