17.11.2011 - China: Buyers and developers face some harsh home truths
Confidence shaken amid falling property prices as real estate agents suffer sudden slowdown in top-tier cities, Hu Yuanyuan reports in Beijing.According to SouFun Holdings Ltd, owner of one of the country's biggest real estate websites, prices dropped in 58 of 100 sample cities in October, with the month-to-month decline increasing from 0.03 percent in September to 0.23 percent. The number of cities experiencing falls also set a record for the year last month............................................Full Article: Source
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