Urban residents expect home price increases in Q3

More than one-fifth of the Chinese residents surveyed by the central bank expect home prices to rise in the third quarter, the People's Bank of China said on Tuesday.

The survey found that 20.4 percent of 20,000 households in 50 cities expect home prices to rise in the coming quarter, higher than the first quarter's 17.6 percent but below the 36.2 percent registered in the second quarter of 2011.

Some 15.7 percent of the respondents said they plan to buy a home in the next three months, 1.6 percentage points higher than in the first quarter.

Agencies - China Daily