Beijing will not introduce real estate policy temporarily as the co-ordination problems in departments
Although on Oct. 22 State Council issued the document to give local governments the right to control the local property market, Beijing will not put the real estate policy to rescue the market temporarily.
National house prices fell 0.1%, but Beijing has 0.2% decline
National Development and Reform Commission announced the housing sales price index in 70 large and medium-sized cities in Sept., the housing prices rose 3.5 percent year-on-year, which reduced 0.1% compared with the previous month. But Beijing housing prices were reducing 0.2% compared with the last month, which is higher than the national average.
20 cities has launched the polices to rescue the real estate market
It is reported that relevant departments made a survey on Beijing real estate market, but the housing prices within Beijing Fourth Ring almost have no reduction. From this result, it is too early for Beijing to put forward the policy to rescue the market.
Proportion of Supply and Demand in Shanghai Real Estate reaches 3.3:1
When the State Council firstly put forward “reducing housing trade tax and supporting residents to purchase houses”, Shanghai real estate market again fell to the bottom. Last week, the supply of housing increased by 38%, while trading volume fell by 20%, the proportion between supply and demand ratio reached an unprecedented 3.3 to 1.
Slight warm in the Real Estate Market around Yangtze River Delta, but housing prices in Shanghai fell 0.9% in September
According to the data from the Development and Reform Commission that in the center of the Yangtze River Delta, Nanjing and Shanghai in September respectively reduced 2.9% and 0.9% compared with the data in August. Among which, sales price below 90 square meters of new housing fell 6.8% and 0.9 % respectively in Nanjing and Shanghai compared with August.
Housing Prices are expected to rise, but will not have great rebound
Ministry of Finance, State Administration of Taxation, the People’s Bank of China issued a number of real estate control measures, including exemption on trading tax, decline on loan interest, reduction on first payment proportion, etc. However, professionals in Shanghai real estate market research new policies and put forward 14 rules, including adjustment on general housing standard, enhancement on volume of accumulation fund and other measures, which are regarded as the “cardiac” to the market. Actually, its aim is not to increase the housing prices but to enliven the market.
Accusatory Speech from the United States to China has been a Joke because of the Financial Crisis
As the loan crisis causing the Wall Street financial crisis sweeps the globe, many countries hope China will become a mahdi in the crisis. Canadian media report that the accusatory speech from American officials to Chinese economy has become a joke.
Economic Observer: The United States financial crisis will impact Africa
The financial crisis in America recently upgrades and quickly spread to other parts of the world. Analysts point out that although Africa is relatively isolated from global economy, it is inevitable to be impacted by this financial crisis. Various signs show that African economy growth has slowed down because of the drag and slowdown of global economy.
Pension Accounts shrink 2 Trillion USD; American “Nightmare” has started
Congressional Budget Secretary Bideouer yesterday predicted in the past 15 months, the U.S. pension account has shrunk 2 Trillion USD, which was equivalent to 20% of the total account.
Russian Airlines may give up Airbus aircraft Purchase because of the Financial Crisis
Russian Airlines (AEROFLOT) president Valery Rio Kulov said that the financial crisis in Russia would probably cause the Russian Airlines purchasing w Airbus A-320 and A-330 medium-range passenger aircraft into a problem.
U.S. financial crisis spread to Real Estate Market in China
The foreign investment of Chinese real estate market occur some changes recently, the news that many overseas investment institutions want to transfer the property has been guessed in the market. In the downturn real estate market, the influence from foreign sell-off is still not too serious, but confidence in the market may be interfered by this.
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