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Luxury housing sales rise in Beijing

Posted on 07 December 2012

Sales of upscale housing in Beijing reversed a previous downward trend to record a sharp increase in November, driven by appetite from foreign buyers and relatively cheap loans, local real estate consulting agencies have said.
Luxury housing, mainly villas priced about 50,000 yuan (7,948 U.S. dollars) per square meter, saw hefty sales of 412 units in November, up 52 percent year on year and 84.8 percent month on month, according to Beijing-based Yahao Real Estate………………………………………..Full Article: Source


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