Property prices heading for a slump, say experts

Posted by property | Posted in Real Estate | Posted on 11-06-2010-05-2008

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Property prices heading for a slump, say experts
Property prices in China’s 70 major cities were up 12.4 percent year-on-year in May, but experts said prices would fall in the following months as the number of transactions decreases. The growth is lower than the record 12.8 percent year-on-year rise in April, the National Bureau of Statistics said on Thursday. Property prices in May rose 0.2 percent month-on-month, compared with a 1.4 percent …
Read more on People’s Daily

Eastday-Property prices heading for a slump, say experts
BEIJING – Property prices in China’s 70 major cities were up 12.4 percent year-on-year in May, but experts said prices would fall in the following months as the number of transactions decreases.
Read more on Eastday.com

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