Property prices in Guangzhou in April this year to return to the first 10,000 yuan juncture
Posted on Jun-03-2008· by china investor
Guangzhou property market recovery warmer. Guotufangguan City Council briefing on the 2nd April 10 in Guangzhou City area real estate transactions registry, the city's first-hand residential average price this year to 10,000 yuan the first time back on the mark, reaching more than 10,900 yuan / square meter, than in March Or 18 percent. Volume has begun to enlarge the property market, close to 400,000 square meters, is the highest point this year.
Real estate experts said that in April in Guangzhou Yi Shoufang turnover in property prices than in March over 1,600 yuan per square metre Elevated circumstances, the rebound from the bottom, reflecting the confidence of buyers in the market return. Tianhe District, Panyu District, and particularly the performance of a representative, because of its price or when the turnover on the rise in property prices or when the turnover also will be dropped.
Guangzhou Municipal Bureau of Guotufangguan pointed out that the average price in April rose sharply mainly due to structural factors were larger. April first-hand housing prices a big increase was mainly due to higher prices of Tianhe, Yuexiu, Liwan, and other regions has increased the proportion of transactions, and focus on high-end residential transactions, led the overall average price rise.
It is also the first time were taken from area were larger than 2,000 square metres of the 18 typical for the event, announced the changes in the prices of these flats. The average price increase was for 10 months, fell for eight, or more than 10% of the amount of disk than the decline in more than 10% of the quantity. The HKMA believes that "price is basically in a more stable state."
The HKMA believes that, since March, Guangzhou, the situation first-hand housing transactions beginning from the bottom rebound, turnover rose to about 400,000 square meters, equivalent to the past is still only around 60 percent, the market is still relatively cold atmosphere, is still in wait-and-see stage. Speed up the recovery of the market has warmed up, it would be possible in six, in July returned to normal levels. (Chen)
Tags:
(Source: China Daily)Photo Gallery>>> BEIJING, April 3 -- Shanghai's real estate agents are keeping prices high despite talk of a property slowdown that's stifling homebuyer enthusiasm.
Leave Your Comments