Property News · January 17, 2017

Beijing smog fails to dampen ongoing appetite for luxury villas as record 8,050 sold in 2016


Beijing’s ongoing serious air problems have failed to dampen its residents ongoing appetite for buying luxury houses in the city, as latest research shows a record 8,050 villas were sold in the capital city last year – a 119 per cent year on year jump.
That amounted to 2.41 million square metres of space sold, also a new high, and a 116 per cent increase from a year earlier, according to new data released by Beijing-based Yahao Real Estate Selling & Consulting Solution Agency….

Source : South China Morning Post
Read more…Beijing smog fails to dampen ongoing appetite for luxury villas as record 8,050 sold in 2016

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