Arab Today, arab today beijing\s aug home transactions hit lowest level since 2009
Last Updated : GMT 15:29:37
Arab Today, arab today
Arab Today, arab today

Beijing\'s Aug. home transactions hit lowest level since 2009

Arab Today, arab today

Arab Today, arab today Beijing\'s Aug. home transactions hit lowest level since 2009

Hong Kong - Yonhap

The housing transactions in China's capital city fell this month to the lowest level since 2009, a municipal report showed Monday, as the country's tightening on the property market starts to take effect. The municipal government of Beijing said the total number of transactions of Beijing's housing properties reached 8,076 from August 1 to 20, down 28 percent from 11,179 during the first 20 days of July. It was the lowest level since January 2009. A total of 3,206 new homes were sold in the city, compared to 4,870 older homes, it said. The drop in one of the hottest property markets in China came amid a slew of measures issued by China to curb property speculation and cool excessive home price growth, including a limit on the number of units each family can buy and the launch of a property tax. Market watchers expect China's property market to experience more pressure in the short term, as the People's Bank of China seeks to continue absorbing the liquidity in the market. The central bank has raised the benchmark interest rate for the third time so far this year, while increasing banks' required reserves six times. More new homes and lower sales are expected to force property developers, especially small- and medium-sized ones, to bring down their prices. According to the Beijing Real Estate Association, the city's average home price dropped by more than 8 percent on year in the January-July period.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today beijing\s aug home transactions hit lowest level since 2009 Arab Today, arab today beijing\s aug home transactions hit lowest level since 2009

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today beijing\s aug home transactions hit lowest level since 2009 Arab Today, arab today beijing\s aug home transactions hit lowest level since 2009

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday