According to experts, the volume of transactions of purchase and sale of housing in major cities in China will be reduced in May by 70% on the previous month. As of May 27 the figure was 258 thousand square meters. m. Analysts consulting company Shanghai Uwin expect that by the end of the month volume of transactions reached 300 thousand square meters. m. For a comparison: in April in Shanghai sold 1,020,000 square meters. meters of housing, according to Shanghai Daily. Recall that the decline in sales of housing in Shanghai, observed in mid-month, when the figure fell to its lowest level since 2005. Activity developers also decreased: from 1.23 million square meters. m of housing built in April, to 850 thousand square meters. m - in May. According to experts, developers are currently awaiting what additional measures the state will take to "cooling" housing market to continue to adjust prices and volumes of construction. Recent government actions in this area include an increase in the initial fee on a mortgage when buying a second home from 40% to 50%, as well as a ban on the purchase of more than two apartments per family.
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