Arab Today, arab today experts urge preparations for home price drop in china
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Experts urge preparations for home price drop in China

Arab Today, arab today

Arab Today, arab today Experts urge preparations for home price drop in China

Beijing - XINHUA

While China strains to rein in soaring home prices in major cities, some voices are asking policy makers to prepare for a possible price fall. Home demand is slowing in China, and the pressure to prevent price dives instead of hikes will gradually dominate starting in 2016, said Zhong Wei, an expert in the sector with Beijing Normal University on Wednesday. Speculators are leaving the property market as diversified investment channels provide high-yielding products, and young people of marriage age, who are major home buyers, will decline, said Zhong. Official data showed that 4.86 billion square meters of new homes across China were under construction last year, while home sales stood at just 1.16 billion square meters. "Further measures aiming to boost supply and curb demand may increase the risk of a property bubble burst," Zhong said. Zhong is not the first to warn of such risks. Industry insiders said earlier that falling home prices will generate a wait-and-see mood among potential buyers and aggravate stockpiles in the sector as a result. A sluggish property market will mire related industries, such as steel, cement and home appliances, and result in waning land sale revenues, on which many local governments rely. Despite all the arguments, many Internet users said that they didn't believe these experts and considered them mouthpieces of home developers and local governments. Whether a turning point in China's skyrocketing home prices is around the corner remains a hotly discussed question, and the country's property market has showed signs of cooling down. Of 70 major Chinese cities, six saw monthly drops in new home prices in January, while the number was only two in December, according to official data. The average monthly increase for new homes slowed slightly to 0.49 percent in January from 0.51 percent in December. Prices of existing homes also cooled, declining in 13 cities, compared with only five in December.

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 experts urge preparations for home price drop in china Arab Today, arab today experts urge preparations for home price drop in china

 



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 experts urge preparations for home price drop in china Arab Today, arab today experts urge preparations for home price drop in china

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
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