|
House prices to maintain robust growth
(cctv.com)
Updated: 2005-05-09 14:40
The National Bureau of Statistics (NBS) stated housing prices in the second
half this year would continue to grow quickly despite a rise in mortgage loans
rates.
The NBS attributed the irrational price hike to a red-hot real estate market.
Low interest rates and the low land prices across China has led to large profit
margins for real estate developers, attracting a great number of speculators.
Meanwhile, prices for commercial real estate in China during the first
quarter this year rose by 12.5 percent. That's versus a 6.7 percent jump during
the same period in 2004.
|
