Wednesday, August 20, 2014

Increase in real estate investment slows again.

The growth of China’s real estate investment continued to slow in July, latest data from the National Bureau of Statistics showed yesterday.
The bureau said property investment rose 13.7 percent year on year in the first seven months to 5.04 trillion yuan (US$819 billion), 0.4 percentage points down from the first half of this year and 1 percentage point down from the January-May period.
The investment in residential properties, which accounted for 68.2 percent of the total, rose 13.3 percent year on year, compared with a 13.7 percent growth for the first six months of 2014.
The slower growth accompanied a faster fall in area and volume of property sales.
In the first seven months, 564.8 million square meters were sold, down 7.6 percent year on year. The drop was 1.6 percentage points steeper than the decline seen in the first half of the year.
Property sales volume fell 8.2 percent on year during this period, compared with a drop of 6.7 percent in the January-June period.
The property development climate index compiled by the bureau fell slightly by 0.02 points from June to 94.82 points in July.
China’s property sector has been cooling since the start of the year, with the growth of key indicators such as property investment slowing for six straight months.
New home prices in 55 of an official sample of 70 major cities dropped month on month in June, compared with 35 in May. New house prices fell in first-tier cities Shanghai, Guangzhou and Tianjin, but not in Beijing.


8 comments:

  1. interesting information about investing in real estate in China is good to know the real estate market in other countries, good contribution.

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  2. having an increase in the inventory of their properties it's logical that they prefer to start circulating the capital instead of having it stalled without profits with this, with more circulation of the capital it will be more opportunities of increasing the numbers.

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  3. Bad news, i hope the investment in real states increase in this months, i really hope so.

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  4. This comment has been removed by the author.

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  5. no matter if the market moves slowly at a constant time improve over the years

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  6. seems that the market is slowly improving, good

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  7. good idea blogging this kind of thing because they help us a lot to know it is good or not to invest in some countries

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  8. I'm Worried new house prices fell in first-tier cities Shanghai, Guangzhou and Tianjin, but not in Beijing because The slower growth accompanied a faster fall in area and volume of property sales, I hope that improves

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