Property outlook index falls in China

-

China's property outlook index fell for the third month in a row in October, government data showed Thursday, as the impact of policy measures to rein in the strong growth of the sector was felt.

The outlook index, which covers property prices and investment trends, fell to 101.10 points in October, down 0.47 points from September, the National Bureau of Statistics said in a statement on its Web site.

That would appear to be the lowest level in about four years. A government official had previously said that the June index of 101.65 was the lowest since the second half of 2001. The statistics office declined to comment on the data Thursday.

The index has trended lower for most of the year. It fell 3.84 points from the same month last year, the bureau said.

The government, worried that surging property prices nationwide could lead to a bubble, has taken a raft of measures in recent months to cool the sector, including taxing the sale of houses sold shortly after purchase and raising mortgage rates.

More here.

Comments

Post a Comment

Popular posts from this blog

Never a Better Time to Buy Abroad

-
Image
Buying properties abroad can be nerve-wracking, especially in today’s economic climate. The fact that you will be dealing with a wholly different market from the UK, and you have little interaction or immersion with different areas, can make selecting and committing money to a property incredibly daunting. Now is the best time to start considering making an investment in holiday property though. The Great British Pound is slowly growing in strength against the Euro, in fact buyers can expect to buy 25% more Euros per pound than they could three years ago, when the exchange rate was almost equal. It means that you get a lot more for your money. This is coupled with a housing crash in many European countries. Spain in particular is a hotspot for those looking to purchase a holiday home. Due to the severe economic downturn in the country, house prices have plummeted, with some Spanish banks offering some properties discounted up to 70% against their 2008 price. Head of Savills ...
Read more

Got a Holiday Flat or House in London or Weymouth?

-
Image
If you have a Holiday flat or house in London, this could be the right moment to make some extra cash. With the Olympic Games starting the 27 th July and ending the 12 th august 2012, many visitors are looking for a place to stay. Especially if you are close to the Olympic Games complex (Stratford), this could be quite profitable. The overall market prices in London have already risen by 16% from 2011 to 2012 according to some Real Estate Agencies . House prices have risen by 1.4% since 2010  in almost all areas of England.
Read more