BEIJING -Despite the slowdown in global real estate market China’s property market is still booming and it has continuous upsurge in demand for properties as the sector rises 32.9% year-on- year to $407b despite tighter regulations. And it there is one reason of upsurge in demand is that realtors are providing them affordable housing.
According to the market analyst reports investment in real estate market rose to 32.9percent and increasing day by day and current state is 2.63 trillion yuan of which 1.86 trillion yuan went into housing, a 36.1 percent increase from the sameperiod last year, the National Bureau of Statistics (NBS) announced on Wednesday.
In the first quarter of the 2011 China’s Fixed Asset Investment (FAI) rose 25.6 percent to 12.46 trillion yuan. In June, Fixed- Asset Investment fell 1.04 percent from may, as per the NBS reports.
According to the market specialist affordable housing one of the most major factor for the country’s growth.
Posted: 14 Jul 2011 05:27 AM PDT
According to the market analyst reports investment in real estate market rose to 32.9percent and increasing day by day and current state is 2.63 trillion yuan of which 1.86 trillion yuan went into housing, a 36.1 percent increase from the sameperiod last year, the National Bureau of Statistics (NBS) announced on Wednesday.
In the first quarter of the 2011 China’s Fixed Asset Investment (FAI) rose 25.6 percent to 12.46 trillion yuan. In June, Fixed- Asset Investment fell 1.04 percent from may, as per the NBS reports.
According to the market specialist affordable housing one of the most major factor for the country’s growth.
Posted: 14 Jul 2011 05:27 AM PDT
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