Sun, Apr 20, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Market Moves, Regulatory more

Curb appeal falls short in Chinese property market

Posted on 02 April 2013

China’s latest attempt to curb rising property prices has had the opposite effect. Last month, the country’s State Council told local governments to introduce strict, new controls on residential property sales and a 20% capital-gains tax, too. The disclosure surprised the market: Shares of some listed property developers plunged.
In the short term, though, disclosing the new measures has only quickened the pace of house-price increases. Nationally, the average house price rose 3.9% year on year in March, up from 2.5% in February, according to data from property agency Soufun. Major cities saw sharper increases, with prices in Guangzhou and Beijing up 11.7% and 11.3%, respectively………………………………………..Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930