Property See more and more Chinese than the almost only way to counter rising inflation and also make provisions for old age. The huge demand and the long time frivolous and liberal lending to property buyers has resulted mainly in the major cities of China as a part of the massive rise in property prices.Recently had with the City of Taizhou in the Southeast, the first city established restrictions on the regional housing market to a renewed escalation of the situation and another price explosion put a stop.
In the view of experts is
This is probably to something like a spark. Of up to 30 other cities to take similar measures in the coming weeks and months. Here, the Experts in the immediate priorities of small and medium-sized cities. Thus the cities only by a clear demand of the Ministry of Construction in Beijing would be followed. The ministry had recently demanded that cities with real estate bubbles to date 20 August to establish appropriate restrictions to ensure an easing in the housing market. Previously reported by approximately 20 cities, which will reportedly have met with the Ministry of Construction agreements in this matter. Remains to be seen to what extent the implementation of such restrictions in more than 20 cities in total can lead to change.
Because
To date some 600 cities in the Middle Kingdom to give comparable measures. With Beijing and Shanghai, there are two great examples. In both cities there are already since the first quarter of 2011 purchasing restrictions. Consequently, average house prices are falling on the ground since July. One effect can be seen already clear: The number of real estate brokers in the People's Republic probably continued to fall against this background. Many brokers have set up their businesses in recent months, after a long time more and more competitors had appeared on the market.
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