In May the average value of residential real estate in 36 major cities rose by 0.8% relative to the previous month. It is reported Prian, citing data from the National Commission for Development and Reform Commission. It is noted that the May rate increase in house prices was lower than April, which amounted to 3,4%. The slowdown in prices for residential buildings is largely due to the policy of Chinese authorities to "cooling" market. By the terms of their measures include limiting pre-sale sites, an increase in interest rates on mortgages and the size of the initial down payment when buying a second home. In addition, the PRC government intends to introduce a tax on ownership of two or more residential real estate. Recall that, according to the rating Knight Frank for the I quarter of this year, China's largest cities are the absolute leaders raise house prices, not only domestically but also worldwide. Accommodation is gone up with respect to I Quarter 2009 to 68%.
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