www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industry Watch

Triple dip for housing prices in July

By Gao Changxin in Shanghai and Yao Jing in Beijing (China Daily) Updated: 2014-08-02 08:11

Triple dip for housing prices in July

Residents visit new home promotions in Wuhan, capital city of Hubei province. New home prices slid 0.81 percent month-on-month in July, according to a survey of 100 major cities released on Friday by leading property market data provider. [Photo/China Daily]

Easing of many cities' purchase curbs fails to halt ongoing decline in market

Home prices dropped for the third consecutive month in July even as many cities eased limits on purchases and financing conditions.

New home prices slid 0.81 percent month-on-month in July, according to a survey of 100 major cities released on Friday by the China Real Estate Index System, a property market data provider.

Among the 100 cities, 76 recorded price declines and 24 had increases. Prices fell in all of the 10 biggest cities, including Shanghai and Beijing, where the market has been the most robust, suggesting that the chill is deepening.

"Pressured by mounting inventories and high debt ratios, developers are discounting prices to make sure they achieve sales targets," the CREIS said.

The price dip in July came after several cities scrapped curbs on purchases to boost sales. As of Friday, 60 percent of the 46 cities that had such curbs had eased them.

Zhang Dawei, director of market research at Centaline Property Agency Ltd, said that these measures are not enough to shore up the market. Zhang urged more credit support to reinvigorate a sector that accounts for about 15 percent of GDP and directly affects about 40 other business sectors

"Credit and loan supply plays a decisive role in the real estate market," said Zhang.

Analysts said a soft property market threatens to weigh down the economy, which has just shown signs of improvement after going through a soft patch in the first half.

The HSBC Holdings Plc-Markit Ltd manufacturing Purchasing Managers Index climbed to 51.7 last month, the highest in 18 months. That improvement came after first-quarter GDP growth cooled to an 18-month low of 7.4 percent.

Supportive moves by the government then pushed second-quarter growth up to 7.5 percent, which is also the government's full-year growth target.

"A policy-induced pickup in infrastructure investment offset the property market cooling in recent months," said Helen Qiao, chief greater China economist at Morgan Stanley, at a news briefing on Thursday in Shanghai.

The property market is still the biggest swing factor in the Chinese economy in the second half, she added, but the market will get a huge boost if the government keeps pumping money into the economy.

In June, total social financing expanded 40.7 percent from May. Also in June, M2, the broadest measure of money supply, was up 14.7 percent year-on-year.

"Our take is the government won't allow a big slowdown in the home market in the second half," said Qiao.

A Reuters poll of 15 analysts on Friday showed that home prices are likely to rise 0.5 percent in 2014 and a market collapse is seen as highly unlikely.

Triple dip for housing prices in July

Triple dip for housing prices in July

East China city lifts home purchase limit Housing market faces price corrections, says think tank

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 最新国产三级在线不卡视频 | 欧美自拍网 | 性做爰片免费视频毛片中文i | 亚洲人成网国产最新在线 | 成人合集大片bd高清在线观看 | 久久久久久久99视频 | 99久久精品无码一区二区毛片 | 日韩看片 | 很黄很色的摸下面的视频 | 久久精品国产精品亚洲人人 | 久久综合久久综合九色 | 成人区精品一区二区不卡亚洲 | 精品一区二区三区五区六区 | 中国一级大黄大片 | 成人午夜视频免费观看 | 亚洲一区二区三区高清网 | 国产伦久视频免费观看视频 | 久久不雅视频 | 久香草视频在线观看 | 亚洲精品综合一区二区三区在线 | 日本三级一区二区三区 | 黄网站www| 国产欧美久久精品 | 996久久国产精品线观看 | 99久国产 | 日本理论片免费高清影视在线观看 | 香蕉久久夜色精品国产 | 九九99久麻豆精品视传媒 | 国产一级特黄特色aa毛片 | 中文字幕 亚洲一区 | 国产成人亚洲综合91精品555 | 国内精品亚洲 | 综合爱爱网| 永久黄网站色视频免费网站 | 久草视频福利在线 | 美女张开腿让男人操 | 九九视频在线观看视频6偷拍 | 岛国大片在线播放免费 | 亚洲毛片免费看 | 国产成人精品综合在线观看 | 日本一级全黄大片 |