S & P: China’s major cities housing prices may drop 10% in the next 6 to 12 months
October 11 report, S & P (Standard & Poor ’s)’s credit analyst Bei Fu on Monday (October 11) in a conference call that the housing prices in major Chinese cities would decrease by 10% in next 6 to 12 months .
However, Bei Fu said, if the Chinese government has adopted strict new tightening measures, China’s economic growth in 2010 lagged behind the Standard & Poor’s expectations of 10%, and a substantial increase in interest rates, house prices could fall 20%.
Shanghai: 30% buyers suspend to purchase the new houses, outer suburban ring or firstly reduce the housing prices
Before and after the National Day, many ministries jointly promulgated the “five new country” and the Local Rules of Shanghai “Shanghai 12″ have been put forward, followed by establishment of diplomatic relations committee in Shanghai, City Housing Authority, the PBOC Shanghai headquarters, eight departments on the “Shanghai 12″ to interpret. New Deal series of real estate regulation, to reproduce the temperature of the Shanghai property market in a timely manner poured ice water. Second-hand housing market, first responders, many regions have two or three buyers to defer purchase plan, start watching. The industry believes that new homes and relocation of the outer suburban ring room gathering area, house prices, or will be the first to loosen.
Beijing housing prices increase1840 yuan in the previous four months
In the previous four months this year, Beijing average housing prices began to rise slightly. Yesterday, Beijing’s real estate transactions and Statistics Management Network data show that in 1-4 months of this year ,the average monthly prices have risen compared with previous months, which increased 1,840 yuan / square meters more than the price in January, in April, the average price was 12280 yuan / square meters.
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