31.08.2012 - China: Residents worried about recent surge in local home prices
Home prices are always a concern for the public, and the property prices' surge in recent months has attracted the government's attention with the market expecting new government measures to help cool down the market. The Centa-City Leading Index (CCL), which tracks the city's used home prices, has climbed for four consecutive weeks to a record high of 107.18 on August 24, overshooting the previous peak recorded in 1997 by 7.18 percentage points. The index has surged 13 percent from its recent low in March...............................................Full Article: Source
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