Arab Today, arab today secondhand beijing housing prices hit 15month low
Last Updated : GMT 04:23:32
Arab Today, arab today
Arab Today, arab today

Secondhand Beijing housing prices hit 15-month low

Arab Today, arab today

Arab Today, arab today Secondhand Beijing housing prices hit 15-month low

Beijing - Xinhua

The average price of re-sold apartments in Beijing dropped to a 15-month low of 22,018 yuan (about 3,456 U.S. dollars) per square meter in November, according to a report released by the Beijing Municipal Commission of Housing and Urban-Rural Development on Friday. In November, 7,428 secondhand housing units were sold in Beijing, a 55.8 percent decrease from December 2010, the report said. Moreover, the average price of re-sold apartments in Beijing has dropped for three consecutive years and is now at the same level as the third quarter in 2010, said Hu Jinghui, a senior real estate expert and vice president of 5i5j Real Estate Service Company in Beijing. Flagging demand for housing in Beijing has finally pushed prices down. The trend of secondhand apartments falling in price has extended from the outer suburbs to the core regions of Beijing, Hu said. He predicted that there is scope for the average price to decline by a further 8 to 10 percent from the end of 2011 to January 2012. If that happens, prices will have fallen to the same level as in the first quarter of 2010. To achieve its goal of cooling the property market, the Chinese government has enacted a number of policies, including limiting the number of homes people can own, requiring higher down payments, introducing a property tax in some cities and constructing low-income housing projects. It has repeatedly pledged to continue these market curbs until housing prices reach a \"reasonable\" level.  

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 secondhand beijing housing prices hit 15month low Arab Today, arab today secondhand beijing housing prices hit 15month low

 



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 secondhand beijing housing prices hit 15month low Arab Today, arab today secondhand beijing housing prices hit 15month low

 



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 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