Related News
Home » Business » Real Estate
Real estate too unreal, says survey
Print Edition
MORE than half of Chinese savers believe property prices are currently “too high to accept,” according to a quarterly survey by the central bank.
A total 53.7 percent of the respondents considered the surging price of real estate is beyond their reach, up 0.3 percent from the end of last quarter, the People’s Bank of China said yesterday.
There has been a house buying frenzy in China. Chinese banks issued 949 billion yuan (US$142 billion) in new yuan loans last month, the central bank said last week, with more than half of them were funneled into home buyers’ hands.
Based on a database of 20,000 savers from 50 cities nationwide, the survey also said half of respondents considered that commodity prices in the past three-month period were too high.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
