Arab Today, arab today home prices fall in 60 of big chinese cities
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Home prices fall in 60% of big Chinese cities

Arab Today, arab today

Arab Today, arab today Home prices fall in 60% of big Chinese cities

Beijing - AFP

Prices for new homes in China fell in more than 60 percent of major cities in April from March, the government said Friday, as moves to curb the property market took effect. Out of 70 major cities tracked by the government, 43 registered month-on-month falls in house prices last month, although that number was less than the 46 cities recorded in March. Prices were unchanged in 24 cities in April while only three cities saw price rises, the National Bureau of Statistics said in a statement. China has implemented several measures aimed at limiting runaway property prices for more than a year, including bans on buying second homes, hiking minimum down-payments and introducing property taxes in certain cities. Despite worries about the impact on the economy, authorities have shown little sign of easing their tight policies. \"We must firmly strengthen control of the property market... not allowing the adjustment and control (policy) to be reversed,\" a senior housing ministry official said in comments published Friday. Zhang Xiaohong, deputy head of the ministry\'s market supervision department, said the goal was to return prices to \"reasonable\" levels, the official Securities Times newspaper reported. China recently announced a slew of disappointing economic figures for April, prompting the government to cut the amount of money banks must keep in reserve in a bid to boost lending -- and therefore growth. Property investment also helps drive growth and land sale revenue is a key source of income for local governments. But analysts said little change in government policy was expected in the short term. \"The adjustment of home prices is still in the middle of a long cycle. We expect home prices to remain weak in the coming months,\" Zhang Zhiwei, chief China economist for Nomura Securities, told AFP.

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 home prices fall in 60 of big chinese cities Arab Today, arab today home prices fall in 60 of big chinese cities

 



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 home prices fall in 60 of big chinese cities Arab Today, arab today home prices fall in 60 of big chinese cities

 



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
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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