Property News · May 31, 2017

Beijing’s May home prices decline for the second month as market curbs begin to bite


Residential property prices fell in Beijing for the second straight month this year, led by declines in outlying suburbs like Tongzhou and Yizhuang, as a succession of price-curb measures and the government’s establishment of the Xiong’an new area in an adjoining province redirected capital away from transactions in the city.
The average transaction price of pre-owned residences, which form the majority of property transactions in Beijing and are therefore the most sensitive to…

Source : South China Morning Post
Read more…Beijing’s May home prices decline for the second month as market curbs begin to bite

You may also like...