china home prices fall in january
Last Updated : GMT 21:16:50
Arab Today, arab today
Arab Today, arab today

China home prices fall in January

Arab Today, arab today

Arab Today, arab today China home prices fall in January

Beijing - AFP

Home prices in more than two thirds of China's major cities continued their slump in January from a month before, the government announced, as moves to cool the market continued to bite. Of 70 cities tracked by the government, 48 saw prices fall month-on-month, slightly fewer than the 52 cities that recorded negative house price growth in December, the National Bureau of Statistics said on Saturday, while 22 were seen as stable. Beijing has introduced a range of measures aimed at curbing the real estate market over the last year, such as bans on buying second homes, hiking minimum down-payments and introducing property taxes in select cities. But analysts worry the correction could have broader implications for the world's second-largest economy, which is already widely forecast to slow this year from 9.2 percent growth in 2011. Premier Wen Jiabao reiterated this week that the government had no plans to relax policy restrictions aimed at cooling the market. Property analysts EC Harris said in a research note that the slowdown was likely to continue, while warning of the risks for the wider economy. "Property prices in the mid- to long-term will likely continue to decrease as long as the government's current policies remain in place," the firm said. "The Chinese government's tightening policies have been effective at reducing fears of a property bubble." But the measures "could lead to a 'cascading' effect that causes the economy to slow down too much", it added. China's property market weakened last year, reflected in slower investment and sales, as the government sought to bring down runaway housing prices on fears of a speculative bubble. Property developers have been hit hard by the policies and a lack of funds after the government hiked interest rates and restricted bank lending to rein in surging inflation and cool real estate prices. In December, China moved to ease credit by trimming bank reserves but the property industry is waiting to see if the government might relax measures aimed specifically at the sector. China's Renmin University has said the government will likely relax some market curbs in 2012 due to concerns that slumping prices could hurt growth. Analysts forecast housing prices could fall even further when the measures are eased, as pent-up supply pours into the market.

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*

china home prices fall in january china home prices fall in january

 



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*

china home prices fall in january china home prices fall in january

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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