Prices of new homes up 68% in China

Posted: December 28th, 2009

China is seeing a surge in new bank loans and housing prices. Figures released by analysts Knight Frank show that average prices for new residential property rose by 68% in the year up to November 2009.

Beijing showed a rise of 66%, Shenzhen 51%. The China Daily declared the country as the most expensive place to live in the world, when comparing house prices with average annual income.

New-home loans in the first three quarters of 2009 were at $139.5m, according to figures from the Central Bank, representing a growth of 400% on the figure at the same time the previous year.

Find a range of bridging loans on our website for your property needs.

Bookmark and Share

Related posts:

  1. Asking prices drop by 1.6% on last month
  2. Crackdown on bonuses could cut property prices

This entry was posted on Monday, December 28th, 2009 at 3:24 pm and is filed under Bridging Finance . You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

Comments are closed.