Cooling prices see desire to buy homes
Print Edition
CHINESE residents are happier about consumer prices in the second quarter and more willing to buy houses in the next three months even as the economy stays sluggish, a central bank survey said yesterday.
An index measuring satisfaction over consumer goods prices rose 0.7 percentage points from the first quarter to 28.4 percent, the People’s Bank of China said in a survey covering 20,000 bank customers in the second quarter.
The survey found 14.7 percent of respondents are prepared to buy a house in the next three months, up 0.9 percentage points from the last quarter.
The results were released as official data showed inflation in May was the slowest in four months at 1.2 percent, while the rise in home prices in more cities indicated a recovery in the real estate market.
Meanwhile, the survey found that an overall bullish stock market since the middle of last year has boosted residents’ interest in investment especially shares.
A total of 42.3 percent of respondents said they will increase their investment, up 7.3 percentage points from the first quarter.
Fund and wealth management products remained the most popular investment option, the survey found.
Separately in the PBOC’s quarterly surveys, an index measuring bankers’ confidence in the economy fell 4.1 percent from last quarter to 43.4 percent, and 59.5 percent of bankers saw the economy as “relatively cool,” up 4.9 percentage points from the last quarter.
A confidence index for business owners shed 0.9 percentage points from the last quarter to 58.3 percent in the second quarter.
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